At RF Lifting & Access Ltd, we have several options when it comes to finance:
Hire Purchase Benefits
- More time to repay – Spread the cost over the life of the asset
- Seasonality – We can structure repayments to take account of seasonal fluctuations in your cash flow
- Keep control – You are the owner of the asset for tax purposes and can normally claim capital allowances
- Tax efficient – You can offset your hire purchase interest and charges against pre-tax profits
- Reclaim VAT on the capital cost
Finance Lease Benefits
- Low initial outlay – Quick access to the asset you need without a heavy upfront investment
- Flexibility – Rental payments and lease periods can be designed to match your cash flow
- Cash back – Receive most of the income from selling the asset if you choose to do so at the end of the lease
- Tax efficient – Rentals can usually be offset against pre-tax profits
- Reduce costs – Reclaim VAT on rentals
Operating Lease Benefits
- Low initial outlay – Quick access to the asset you need without a heavy upfront investment
- Freedom – Full use of the asset without having to buy it outright
- Flexibility – Option to re-rent, purchase or return the asset at the end of the term
- Pay less – Rental cost is reduced as it is based on a percentage of the original capital cost
- Off balance sheet funding (at present)
- Reduce costs – Reclaim VAT on rentals