Unlock Your Business Potential with Equipment Leasing
Empowering Businesses to Thrive, One Lease at a Time
Why Equipment Leasing is the Smart Choice for Your Business
In today's competitive business landscape, having the right tools is not just an advantage; it's a necessity. But high upfront costs can be a barrier. That's where equipment leasing comes in. It's a financial strategy that allows you to use the latest equipment without owning it, thereby freeing up your cash flow for other critical business needs. With ELS, you're not just getting a leasing agreement; you're gaining a financial partner committed to your growth.
Why not try our ELS finance calculator to get an idea of your monthly payments?
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*For illustration purposes only. This is not an offer or quote for finance. if you are new start business or educational / local authority entity these guidelines rates are not applicable. Please contact us direct for a quote.
What is Equipment Leasing?
Equipment leasing is a financial solution where you rent the equipment you need rather than buying it outright. This approach frees up capital and offers many benefits, making it a wise choice for businesses of all sizes. It's a business strategy. It allows you to use machinery, vehicles, computers, or any other equipment crucial for your operations without the financial burden of ownership. This approach not only frees up your working capital but also provides significant tax advantages. Whether you're a small business or a large enterprise, equipment leasing offers a flexible pathway to modernisation and growth. You can lease almost any equipment, even LED Lighting!
What Are The Advantages Of Equipment Leasing?
Businesses can enjoy several advantages when it comes to equipment leasing, that’s what makes this type of finance particularly attractive to small and medium-sized businesses, but businesses or companies of any size can use this form of leasing.
Less Upfront Cost
One of the most significant advantages of equipment leasing is the minimal initial expenditure. Unlike purchasing, where hefty down payments are often required, leasing allows you to spread the costs over a period, making it easier on your budget.
Easy Upgrades
Technology evolves rapidly. Leasing agreements often include clauses that allow you to upgrade to newer models, ensuring that your business always has access to the latest equipment to keep up with the chnages in your market and sector.
Flexibility
Leasing is not a one-size-fits-all solution. It can be customised to fit your specific needs, whether you require equipment for a short-term project or long-term use. This flexibility makes it an ideal option for businesses that need to adapt quickly to market changes.
How Does Equipment Leasing Work?
At its core, equipment leasing is akin to a business loan but with a unique twist. In a leasing agreement, the lender purchases the equipment you need and then leases it back to you for a predetermined period and at a fixed monthly rate. This setup offers several advantages, including consistent monthly payments, making budgeting simpler and more predictable. Plus, the interest rates are generally fixed, so you don't have to worry about market fluctuations affecting your payments.
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Industries we serve...
ELS has expertise across a number of industry sectors around the UK and Northern Ireland. We work with established businesses, start-ups, large corporates, schools, local authorities and so much more.
Here are just a few of the sectors we cover for equipment leasing and asset finance...
Benefits of Equipment Leasing with ELS
Ready to Unlock Your Business Potential?
Our specialists have the equipment leasing solutions you need.
Frequently Asked Questions
LEase finance - asset finance - EQUIPMENT LEASING - HIRE PURCHASE
Equipment Leasing is a financial arrangement that allows you to acquire the equipment you need without a hefty upfront cost. Instead, the cost is spread over manageable monthly payments, freeing up your capital for other business needs.
In a typical Equipment Leasing Finance agreement, ELS with our partners, purchase the asset you require and lease it to you for a predetermined period. You make monthly payments for the duration of the term, after which you have various options, including continuing the lease or purchasing the asset.
Equipment Lease Finance agreements usually last between 2 to 6 years. However, there are special cases where the term can extend up to 7 or even 10 years. The length of the term affects both your monthly payments and the total interest payable.
While buying outright eliminates interest costs, it also requires a significant initial investment. Equipment Leasing allows you to spread these costs over time, preserving your cash flow for operational expenses and potential growth opportunities.
Equipment Leasing allows you to use the equipment without owning it, while financing is a pathway to ownership.
From energy-efficient technology to office equipment, ELS offers Equipment Leasing solutions across a wide range of sectors. Whether you're in education, energy, or any other industry, we've got you covered.
Leasing requires no down payment and offers predictable monthly payments, thereby improving your cash flow.
Absolutely. Equipment Leasing is often more accessible for start-ups than traditional business loans. The asset itself serves as security, reducing the lender's risk and making it a more viable financing option.
Yes, Equipment Leasing payments can usually be deducted from company profits before calculating tax, offering you potential tax advantages.
You usually have the option to purchase the equipment, continue leasing it, or upgrade to a newer model.