Clean It Up

UK Floor Cleaning Forum => Carpet Cleaning Forum => Topic started by: Andy Hogarth on August 25, 2007, 03:55:28 pm

Title: Leasing
Post by: Andy Hogarth on August 25, 2007, 03:55:28 pm: I think it's time to upgrade the old powerplus and have been considering leasing, Does anyone on the board lease there machine??

I can't afford a new one but feel the powerplus isn't going to last out much longer,

The machines I'm considering are the Powr-Flite Perfect Heat from cleansmart or the rhino (if I can get the upgraded version) from restormate.
Both companies offer leasing and does anybody know about the tax benifets regarding leasing??

Cheers all

Andy
Title: Re: Leasing
Post by: lands on August 25, 2007, 04:52:12 pm: Andy, You get 100% relief on the total cost. Get slammed for interest though

Pete
Title: Re: Leasing
Post by: elliott cleaning on August 25, 2007, 07:08:27 pm: Pete, even at the present rate, money is cheap. You obviously haven't been around that many years
Title: Re: Leasing
Post by: Andy Hogarth on August 25, 2007, 07:47:19 pm: Does anyone know the practicality of leasing ie. are you covered for breakdowns etc?? or do you get to purchase at a knock down price at the end of term??

Andy
Title: Re: Leasing
Post by: lands on August 25, 2007, 09:55:52 pm: Quote from: elliott cleaning on August 25, 2007, 07:08:27 pm
Pete, even at the present rate, money is cheap. You obviously haven't been around that many years

Your right, Just half way through my apprentice with a carpet cleaning firm. I have just learnt how to attach the rinse hose. Another 10 years and I'll be pre-treating. I have a great future. I know your jealous because you did'nt get the start I'm getting but when I'm 50 my wife said she'll talk me through the ph scale as a special treat.

Pete
Title: Re: Leasing
Post by: David_Annable on August 26, 2007, 10:48:48 am: Hi

You should be able to borrow money at around 6%.

The only downside is that you usually need to borrow £5000 and above to get that rate.

There are also Credit Cards that you can transfer a LIFETIME Balance to, at a similar rate.

Its IMPORTANT to buy on another Credit Card and then transfer the balance and dont buy anything else on that card.

Dave

PS I personally dont like leasing, if you borrow the money the equipment is yours.

HP and leasing you dont own it till the final payment.
Title: Re: Leasing
Post by: Shaun_Ashmore on August 26, 2007, 10:50:55 am: Get rid of the missus and you can buy what you want and it will still work out cheap!

Shaun
Title: Re: Leasing
Post by: David_Annable on August 26, 2007, 11:28:35 am: Hi Shaun

I have asked but she seems to want half of everything.

:'( :'( :'(

Dave
Title: Re: Leasing
Post by: Shaun_Ashmore on August 26, 2007, 11:52:16 am: but I bet at the moment she takes more!

Shaun
Title: Re: Leasing
Post by: lands on August 26, 2007, 01:17:00 pm: Do more cash work guys, it's easier to hide.
Title: Re: Leasing
Post by: Mike Osbourne on August 26, 2007, 02:50:44 pm: Be a Tart!

A credit card tart. Get 1 or 2 0% credit cards. This means your loan is FREE. Deals are becoming less than 12 months grace now but still around.

A couple of months before the 0% expires and you still have a balance you can tarnsfer to a new 0%

I would advise trying to pay off asap though.

I bought my Ninja and most of my equipment this way. Probably have saved £600/700 in interest + the satisfaction of getting one over the financial institutions.