Utopia Mini Montserrat LED Cordless Table Lamps Gold 260mm (6 Pack) | JM440

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

The above calculations are for illustrative purposes only and do 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, although 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 is 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 they act as a credit broker, they will inform you. When acting as a credit broker, they will not charge you a fee for their services directly. Instead, they receive a commission from the lender they place your finance with. Further details can be found in their Terms of Business document.

This quotation is valid for Limited Companies and Partnerships of 4 or more. For Small Partnerships and Sole Traders, please contact 01675 469218 or click above to apply.

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 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.
• It makes larger and more expensive assets more affordable to the business.
• You can choose a fixed term and deposit that suits your business.
• As the hire purchaser, you will own the asset after paying the option-to-purchase fee.
• There are usually no tax charges on Hire Purchase agreements.
• Hire Purchase may be paid off early, depending on the customer and agreement.

Things to be mindful of:

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

What is a Finance Lease?

A Finance Lease enables a business to acquire the assets it needs without buying the asset outright.

Benefits of Leasing:

• Finance leases offer flexibility in terms of agreement length, rental repayment profile and end-of-lease options.
• Unlike making an outright purchase, you retain cash within your business.
• A fixed lease repayment profile makes it easier to budget for the lifetime of the asset.
• Potential tax advantages.
• Access to modern equipment can help your business remain efficient and competitive.
• Fast turnaround times may be available.
• At the end of the lease period, you may be able to continue using the asset for a nominal payment or 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 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.