Do you want new equipment for your workshop but prefer to reserve your cash and/or current credit lines?
Perhaps you can’t afford to tie up your working capital to get the actual equipment you need and might be forced to not invest at all or to invest in a lower quality solution.
In these circumstances leasing is an option to consider because it offers very many benefits to an automotive repair garage including ensuring that you can get the right solution at an affordable price.
Instead of buying the equipment and its associated technology outright at the outset, leasing allows you to make smaller monthly payments, typically, over a multiple-year period.
At the end of the lease, you usually have the option of simply returning the equipment for new to be installed, or "buying it for a price that factors in appreciation and how much you paid over the life of the lease" (in plain English: 1 further months rental)
Among some the benefits of equipment leasing are that: you don’t require a significant down payment, you don’t end up with obsolete equipment at the end of the lease (because in theory it can all be removed and new equipment be re-installed in its place), but mainly it is about the tax benefits.
Equipment leases are eligible for tax credits and you should be able to deduct your payments as a "legitimate business expense".
Where GETECH & our financing partner Complete Leasing Solutions Ltd can assist you is by saving you the time, hassle and confusion whilst saving you money by sourcing a tailored solution for your business requirement.
Of course you could search and then contact multiple lessor and brokers directly yourself and then assess, and compare, their offerings independently in the same way your customers can fit wiper blades, brake pads etc – but our reputation stands on us being the experts at this – exactly the same reason you have a successful business. This service is free and no credit checks are actioned until you have confirmed you wish to proceed with exploring the recommendations.
Be assured that with our and CLS' experience and expertise, we will provide the best match for your particular requirements, equipment, budget and trading situation.
For more information on lease financing your equipment purchase, just complete the form below and we will contact you back.
Split your entire invoice over an agreed fixed period.
Offset the value of the invoice as an expense over that period and claim back all the tax allowances.
Pay One additional month to own your equipment outright!
Stage one of getting an MOT premises approved is the VT01 application...
After all, why would you commit to a building lease and the equipment and training costs until you're 100% certain of getting the DVSA to approve you?
Part of the VT01 application to get an MOT test station, requires planning permission or an exemption from your local council or a solicitor.
Our expertise may allow you to avoid the costs of such planning applications
Modern testing equipment captures lots of information about a vehicle in real time, but until recently, the results had to then be manually entered.
Connecting equipment directly to the MOT system reduces errors and save time.
We supply various complete bay packages to suit motorcycle testing as well as Class 4 or Class 4 & 7 test bays for both lift and pit installations.
See our range of standard packages by clicking below!
We not only supply complete bay packages but also individual items of equipment as well; nationwide.
You can read more on our own brand products; a rage that includes headlight testers, brake testers and hydraulic play detection equipment by clicking the link below.
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