Do you want new equipment for your workshop in 2019 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 (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 or click here!
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 reinstalled in its place), but mainly it is about the tax benefits.