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Telecoms Leasing:
BPSD-IT can offer finance
on all of your telecoms systems through our trusted lease partner.
With access to all the major funding lines in the UK, we can find you the best
facility. This may involve obtaining the best price, best deposit terms, least
onerous credit agreement or simply finding somebody who will just provide the
finance!
Overview
All forms of leasing are basically rental agreements giving you (the lessee)
the right to use an asset owned by the lessor (finance company) for a specific
period of time in return for regular payments (rental payments).
Why Lease?
Maintains cash flow in your business
Leasing gives you access to the asset with minimal up-front payments and
spreads the cost over time. You to pay for the asset with the income it
generates while minimising the drain on your working capital.
Fixed payments throughout the term
Lease payments are usually flat, making cash management more predictable and
easier than with a variable rate loan. The fixed interest rate of a lease also
helps if interest rates rise.
100% finance
Leasing often provides you with finance for the total cost of a project
including installation, training and other associated costs. Agreements can
have equal repayments throughout the term with no requirement for large up
front deposits that affect cash flow.
Tax advantages
Lease rental payments can attract 100% tax relief, if the equipment is
depreciated over an equal or lesser term. This results in accelerated tax
relief when compared to the capital attained when purchasing the equipment
outright.
Enables larger than originally planned purchases to be made
Because leasing spreads the cost of purchase, you may now be able to afford
more than you previously thought. Or, alternatively, allow you to require more
expensive, yet more efficient equipment. This can in turn improve your business
and profitability quicker than anticipated.
Secured against the equipment purchased
This leaves other business or personal assets untouched and avoids fees
associated with securing finance against property.
Maintains other credit lines
All agreements are "stand alone" leaving current credit facilities in place.
Leasing also prevents businesses purchasing on their overdrafts, which is
considered poor business practice given the term that the equipment will be
required.
What is the process?
Initially we will do a basic fact find that will help us develop an
understanding of your business and the terms on finance that you require. Our
consultant will then package this information and provide an initial overview
to one of our underwriters.
Our underwriter will then establish the best terms the market can supply. This
will usually involve speaking directly with financiers to establish details
such as the length of term available, the monthly cost, deposit terms and any
other requirements that the prospective financier may have.
This stage does not involve recording any credit checks, but is designed to
give you an idea of the terms that are currently available so that you can base
your purchasing decision on accurate information.
We will then return with our underwriter’s feedback, discussing the options
that are available and the likely information required to proceed. At this
point we then look to progress to full proposal, expecting to obtain a
qualified decision within 48 hours.
Your credit agreement will begin once you are happy with the equipment. This
should mean that apart from obtaining a few details and requiring a couple of
minutes to sign the agreement, we have successfully negotiated all terms and
invoicing on your behalf with minimal upheaval on your part. This is the key
aim of our process, providing you with the decision making power, with us
simply presenting the options currently available.
If you would like further information, please contact us on 0870 055 6920 or
fill in the form below and we'll get back to you.
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