Need help funding your equipment?
Whether you’re just starting out, upgrading your existing equipment or just looking to replace old and broken cleaning machinery, affording larger cleaning equipment can be a large outlay. LeaseQuip is here to help by making the majority of our floorcare machinery and larger cleaning equipment products available for leasing.*
Take control of set up costs of obtaining new cleaning machinery for a new contract win with our comprehensive leasing service, helping you to spread the cost of essential cleaning equipment and floorcare machines over a period of up to 3 years. Leasing your equipment leaves you with essential capital to invest into your business, from adverts to expert staff, helping your business excel in the cleaning industry.
Spread the cost over 2, 3, 4 or 5 years
Easy to budget
Tax deductible payments
Getting the right machine for the job
Doesn’t tie up capital
Get Started Today!
Getting the products you need with a lease is just a few simple steps away. Once you’ve selected your products and make your way to the application, you can contact us about your leasing application indicating the products you’d like and the length of lease that suits you by speaking to the team on 01792 582 000 or firstname.lastname@example.org
Choose your equipment
Apply for funding
12, 24, 36 month lease agreement
Get your equipment
Tax deduction payments
Leasing is probably the most popular method of financing new equipment today. Virtually any item of equipment can be leased from £1,000 to £1 million.
Should I buy outright or lease?
You may be able to afford to buy the equipment outright, but before you make this decision you must consider the following:
- All leasing payments are rental payments and as such are an allowable business expense, therefore if a business is making profits they reduce the profit by the amount of the rentals you pay each year which in turn reduces your tax bill.
- Lease payments are normally the same throughout the lease contract. This means that increases in interest rates do not affect you and enables you to budget your cash flow more effectively.
- Leasing enables you to save your cash for other purchases such as new stock, staff training, advertising, new business opportunities and unexpected happenings.
Do my payments increase if inflation or interest rates rise?
No. Your monthly payment is fixed at the start of the lease and so are unaffected by interest rate rises. This enables you to budget your cash flow more accurately. As inflation rises, because your payments are fixed the cost of the equipment reduces in real terms.
Are there tax benefits associated with leasing?
Yes. Any business wishing to acquire capital equipment should seek the most tax efficient way when doing this. All lease payments are treated as an allowable business expense and therefore attract tax relief for the full duration of the lease agreement. Your accountant will be able to confirm this.
How do I make my payments?
All payments are mainly made by Direct Debit on the same date of each month for the duration of the lease agreement.
Should I go to my bank?
Using your bank for all your business funding is not a good practice. If you use all your overdraft facilities you leave yourself in a vulnerable position to react to any unexpected needs of short-term borrowing. Your bank may change the interest rate mid-way through a loan or reduce your overdraft facilities, which can dramatically affect the cash flow of your business. Sometimes banks will limit the amount they will lend you without further security such as taking a charge on your home. It is not financially prudent to have all your eggs in one basket.
Nearly every market sector large or small benefits from leasing, from new start business to large established companies.
How does a lease work?
A lease agreement is a contract between you ‘the customer’ and a leasing company. This enables you to use equipment over a period of time on payment of rentals to the leasing company. With a typical lease agreement, you make a series of regular payments (usually on a monthly basis), thus helping cash flow, as opposed to a large capital outlay for the equipment.
At the end of the lease agreement, the final payment transfers the ownership of the equipment from the leasing company to you.
Get the best equipment
You normally only pay one Monthly payment in advance with a lease agreement, this enables you to choose the best equipment available with only a small initial cash outlay. This enables you to have the best equipment available with the latest technology and start to enjoy the extra profits this generates before your next lease payment is due. The full invoice amount is settled with the supplier upon the equipment being installed or delivered.
Available to UK businesses only. Lease is subject to contract, status and security checks and may require personal guarantees. Ts and Cs apply. Caterclean LeaseQuip is provided by Kennet Equipment Leasing Ltd. You will only be referred to Kennet Equipment Leasing Ltd for finance. Kennet Equipment Leasing Ltd is also licensed and regulated by the Financial Conduct Authority (FCA).
*Minimum lease orders over £1000. Available on machines, floorcare equipment or a basket of goods to an order value over £1000. Subject to status.