JE831 Nordlux Ray Indoor Table Lamp Black (Direct)

For public sector enquiries or for an accurate quotation, please request a callback.

The above calculations are for illustrative purposes only and does not constitute a quote or an offer. Final costs depend on underwriting and your business’s circumstances.

Business Customers only.

*All payments shown are EXCLUDING VAT, subject to status/affordability checks and are based on businesses trading MORE than 3 years (Terms and conditions apply). A documentation fee will apply to your finance agreement, our typical documentation fee is £195 plus VAT (This may vary depending on which lender approves your application). Please pay full attention to the documentation fee on your finance agreement. Any tax relief shown is for illustration purposes only and are dependent on your circumstances. For tax advice, please speak to your Accountant.

Kennet Equipment Leasing Limited act as both a credit broker and a lender, where we act as a credit broker we will inform you. When we act as a credit broker, we will not charge you a fee for our services directly, instead we receive a commission from the lender we place your finance with. Further details can be found in our Terms of Business document.

This quotation is valid for Limited Companies and Partnerships of 4 or more. For Small Partnerships & Sole Traders please contact us on 01675 469218 or click above for a callback.

ASSET LEASING and BUSINESS EQUIPMENT FINANCING EXPLAINED

Equipment finance is typically provided by way of a Leasing agreement or Hire Purchase facility. This enables you and your business to invest in vital equipment with the cost of the investment made more affordable through monthly or quarterly payments appropriate to the asset type and needs of your business.

What is a Hire Purchase?

Hire purchase is a form of finance that can be used to buy new or used equipment. You essentially hire the asset over the contract period and once the facility has been paid off, you are the legal owner of the asset.

Benefits of Hire Purchase:

• Rather than one large sum, you can spread the cost over a 2 to 5 year period.
• Makes larger more expensive assets more affordable to the business.
• Flexibility, you can choose a fixed term and deposit that suits you.
• As the hire purchaser, you’ll own the asset after paying the option to purchase fee.
• There are usually no taxes charges on Hire Purchase agreements.
• Hire Purchase can be paid off early, depending on the customer.

Things to be mindful of:

• Asset depreciation.
• Non-payment could negatively affect the credit rating of the business and the guarantor and could result in the asset being re-possessed.

What is a Finance Lease?

Essentially, Finance leasing enables the business to acquire the assets needed to maintain a business, without needing to buy the asset outright.

Benefits of Leasing:

• Finance Leases offer flexibility in terms of length of agreement, rental repayment profile and end of lease options.
• Unlike making an outright purchase, you will retain cash within your business.
• Effective financial planning. The lease repayment profile gives you confidence in being able to budget for the lifetime of the asset.
• Tax advantages
• Using the latest assets will ensure you remain competitive by keeping your costs low.
• Fast turnaround times
• Potential to carry on using the asset at the end of the lease period for a nominal payment, or you can look to upgrade the equipment with another lease.

Things to be mindful of:

• The agreement is secured against the asset.
• Non-payment could negatively affect the credit rating of the business and the guarantor.

This quote is valid for 30 days from the date of issue. After this date, the quote will expire and a new application will be required. Rates and terms are subject to change and cannot be guaranteed beyond the validity period.

If a new quote is generated for the same customer, any previously issued quote will automatically expire and will no longer be valid. The most recently issued quote will take precedence.