Clean It Up
UK Floor Cleaning Forum => Carpet Cleaning Forum => Topic started by: derikraven on October 18, 2017, 06:26:03 pm
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I'm considering leasing a machine. Has anyone any experience of leasing that can give me a bit of advice like who gives the best deals etc. :)
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We lease a lot of machines to a lot of companies so I know a fair bit about this! It needs to be looked at in depth as there are a lot of Factors affecting it such as accounts, profits, vat registered or not, length of time in business and turnover to name but a few Check with your accountant is my advice because they should be able to guide you. However, often you can get a better deal by borrowing the money from someone like Sainsbury's on a personal loan basis and then after 2 or 3 years or so it's paid and it's often cheaper
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I think thats a fair answer. I am not vat registerd and recently purchased a new T/M . After comparing all the deals and my no interest Sainsburys Card and some cash reckoned I reduced the charge from leasing by around £1500. over 2 years. I was fortunate to have some cash and the card and felt this was right for me....If you are investing to grow your biz and are concerned with cash flow, leasing might be right for you. Simon