Leasing Catering Equipment
Leasing rather than owning equipment allows companies to produce a better operating performance. Companies who own have to scratch around to find the cash to pay off debts or to invest, but companies who rent benefit from the better financial flexibility offered by the cash released from not owning there equipment such as Catering Equipment. There is slower growth for companies that own their equipment. The research also reveals that the leasing is positively related to a company's growth.
Rather than trying to find the money in one lump sum, you can pay for the Catering Equipment over the whole period that you use it. Unlike an overdraft there is no possibility of being forced to repay early and, generally, the agreements are set up with a fixed rate of interest so you won't get any nasty shocks if interest rate rise. So, cashflow planning is much more reliable. Unlike an overdraft there is no possibility of being forced to repay early. With fixed rate of interest you won't get any nasty shocks if interest rate rise. So, cashflow planning is much more reliable
Some advantages of leasing or renting Catering Equipment:
- You don't have to pay the full cost of the Catering Equipment up front, so you don't use up your cash or have to borrow money
- You pay for the Catering Equipment over the fixed period of time that you use it
- As interest rates on monthly rental costs are usually fixed, it is easier for your business to forecast cashflow
- you can spread the cost over a longer period of time and match payments to your income
- The business can usually deduct the full cost of lease rentals from taxable income
- You won't have to worry about an overdraft or other loan being withdrawn at short notice, forcing early repayment
- If you use an operating lease or contract hire, you may not have to worry about maintenance
- Leasing Solution carries the risks if the Catering Equipment breaks down
- A leasing company, such as Leasing Solutions Limited, can usually get better deals on price than a small company, and will have superior product knowledge
- on long−funding leases (over seven years, and sometimes over five years) you can claim capital allowances on the cost of the asset
With ever increasing demands for jobs to be completed in shorter times, the need for control and efficiency is of high importance. To have the right Catering Equipment to finish the job 'in house' is almost a necessity. We have taken this on board and now offer leasing on the complete range of both new and used Catering Equipment.