Posted on October 15 2019 at 03:32:05 PM
Making a decision on what piece of equipment to buy is one
thing, but then you have to decide how the finance the thing……………
Below is a quick summary of the main options available when
purchasing equipment.
We would be happy to discuss the various options further
and to put you in direct contact with finance specialists with in depth knowledge
of the printing industry.
Hire Purchase
Exclusive use of the equipment purchased with repayments
spread over an agreed term.
T
he full VAT is payable in advance along with any deposit.
Interest is fixed so the repayments remain the same
throughout the Agreement.
There is an option to purchase the equipment at the end of
the Agreement for a small fee.
Lease
Exclusive use of the equipment acquired with repayments
spread over an agreed term.
An advance rental plus VAT may be required and all
subsequent rentals attract VAT as they fall due.
Repayments are calculated to maintain the same amount
throughout the Agreement.
At the end of the Agreement you may continue to hire the
equipment or a sale can be arranged
Lease Purchase
This has all the benefits of hire Purchase including the
treatment of VAT but has the repayment profile of a lease.