At Signmaster Systems we work closely with a finance company who specialises in technology finance. As a company we are very customer focused and proud of the level of customer service we provide and the customer experience is VERY important to us, that is why we aligned ourselves with First Business Finance and have had a close working relationship with them for a long time.
We know that once we introduce you to First Business Finance that you will be treated with respect, offer you impartial, sound advice and certainly not hound you like many other finance companies.
First Business Finance offer both leasing and Hire purchase options.
With investments in technology however most customer choose to lease as there are many benefits including tax relief and enables you to upgrade your equipment more frequently.
With investments in technology however most customer choose to lease as there are many benefits including tax relief and enables you to upgrade your equipment more frequently.
Questions & Answers
THE AGREEMENT
What exactly is a lease agreement?
It is a contract between you and the finance company for the use of equipment that you have chosen through a supplier. The supplier provides you with the equipment, the finance company pays the supplier’s invoice, and you pay the finance company fixed monthly repayments over an agreed period.
How long should the leasing period be?
The leasing period should be no longer than the expected useful life of the equipment. The period is mainly determined by the type of asset you are leasing. We can tailor a finance solution to meet your needs and return on investment.
How frequently do you require payments?
We can offer various payment profiles to match your needs. Monthly or quarterly payments are typical, but even annual payments can be offered in certain cases.
Are the payments fixed for the period of the agreement?
Yes. The repayments are not affected by fluctuations in interest rates. VAT will be charged at the rate applicable when repayments are due. If taxation rules change, the finance company may vary the remaining repayments to keep the agreement fair.
Can I end the agreement early?
Yes. In most cases you’ll need to give three months’ notice and pay all remaining rentals less an early settlement discount. A written quotation can be provided on request.
THE EQUIPMENT
Who is responsible for insuring the equipment?
As soon as you take delivery of the equipment you must insure it against loss or damage and cover third-party risks. The finance company may ask for proof of insurance and, if you do not have it, arrange it on your behalf.
What happens if the equipment is stolen or damaged?
If the equipment is stolen or damaged, deal with this through your insurer and notify us immediately. Replacement equipment obtained through insurance will belong to the finance company.
What about maintenance of the equipment?
You are responsible for ensuring that the equipment is properly cared for and used according to the manufacturer’s instructions.
THE OBJECTIONS
It is our company policy to buy.
Do you make a profit? Are you aware of valuable tax allowances? Why tie up cash in depreciating assets?
We are a cash-rich company.
Use your capital for growth, create revenue, and let the savings from the equipment service the lease.
Rates are too expensive.
Rates are very competitive at present, and leasing often proves to be the most cost-effective and viable method of financing technology.
I like to pay for things up front.
Do you pay your staff salaries or business rent three or five years in advance?
We have a facility at the bank.
Leasing allows the bank facility to stay intact for future growth or unforeseen circumstances.
TOP TEN REASONS WHY COMPANIES LEASE
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Purchasing Power: Lease financing allows the lessee to acquire more or higher-end equipment.
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Lease to Conserve Capital: Pay while you use the equipment instead of before, keeping your cash free for growth.
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Asset Management: Leasing provides use of equipment for fixed periods at fixed payments.
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Service Additions: You can include installation, maintenance, and other services if needed.
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Upgraded Technology: Leasing allows you to stay current with technology and upgrade as needed.
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100% Financing: Often no deposit is required, and terms can match the useful life of the equipment.
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Tax Treatment: Lease payments may be deductible as a business expense (subject to professional advice).
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Specialised Assistance: Lessors are experts in equipment leasing and financing.
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Flexibility: Customise lease programs for cash flow, budget, and structure.
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Proven Financing Option: Every FTSE 100 company leases—it makes sound financial sense.
*All tax references are subject to confirmation by your professional advisers.
01948 662669
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