News & Updates



Business Finance

22nd March 2023

WE CAN NOW OFFER BUSINESS FINANCE!

Here at Techni Systems, we have teamed up with Kennet Equipment Leasing, one of the UK’s leading providers of business equipment finance and asset leasing, to enable our customers to invest in our engine mounted air compressor systems and our conversion options without drawing on critical working capital and with the confidence that an optimum finance package will be provided.

Business equipment finance and asset leasing provides the flexibility to preserve cash and other facilities to use later and in other areas of your business, whilst continuing to invest in the equipment and other assets that your business requires. Some view an asset finance facility as being more affordable and beneficial than an outright purchase.

Kennet can assist with both Lease and Hire Purchase options to suit your requirements.

Leasing and Hire Purchase Explained

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:

  1.     Finance Leases offer flexibility in terms of length of agreement, rental repayment profile and end of lease options.
  2.     Unlike making an outright purchase, you will retain cash within your business.
  3.     Effective financial planning. The lease repayment profile gives you confidence in being able to budget for the lifetime of the asset.
  4.     Tax advantages
  5.     Using the latest assets will ensure you remain competitive by keeping your costs low.
  6.     Fast turnaround times
  7.     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:

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

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:

  1.     Rather than one large sum, you can spread the cost over a 3 to 5 year period.
  2.     Makes larger more expensive assets more affordable to the business.
  3.     Flexibility, you can choose a fixed term and deposit that suits you.
  4.     As the hire purchaser, you’ll own the asset after paying the last instalment.
  5.     There are usually no taxes charges on Hire Purchase agreements.
  6.     Hire Purchase can be paid off early, depending on the customer.

Things to be mindful of:

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

Techni Limited is an Introducer Appointed Representative of Kennet Equipment Leasing Limited, FRN 982906. Kennet Equipment Leasing Limited is authorised and regulated by the Financial Conduct Authority, FRN 676024. Kennet Equipment Leasing Limited is an authorised Broker and Lender.  We work with a panel of Lenders.

Finance is subject to status and affordability checks. Terms and Conditions apply.

 

Click here to view our Brochure! 

 

To enquire about our finance options or to speak to someone about our systems or our conversion options you can contact us here

Or call us 01743 443176 (option 1) and a member of our sales team will be able to help.