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Should you buy or lease your mailroom equipment?
Buying equipment and other fixed assets outright doesn't always make sound financial sense. Put another way, would you pay your staff salaries 6 years upfront?
Buying equipment outright, while often cheaper in the long run, may not be best solution for you. For a start, it eats into valuable working capital or bank overdraft facilities, which you could probably use better to fund growth. It may make more sound financial sense to either lease purchase or rent goods by leasing.
We can offer lease options over various terms up to six years to suit our customer's individual requirements and assist in meeting their budgetary constraints.
Leasing will give you many operational and financial benefits, which make the whole leasing process simple and easy to manage, leaving you to concentrate on other areas of your business.
Buying equipment outright, while often cheaper in the long run, may not be best solution for you. For a start, it eats into valuable working capital or bank overdraft facilities, which you could probably use better to fund growth. It may make more sound financial sense to either lease purchase or rent goods by leasing.
We can offer lease options over various terms up to six years to suit our customer's individual requirements and assist in meeting their budgetary constraints.
Leasing a Franking Machine
Leasing will give you many operational and financial benefits, which make the whole leasing process simple and easy to manage, leaving you to concentrate on other areas of your business.
We understand that, in order to remain competitive, your company needs to have the most up-to-date mailroom equipment. You can optimise your investment in mailroom and document handling systems through our leasing facilities, whilst still maintaining control of your budgets.
At the end of your agreement, you will own your machine. We can still continue to service and maintain it for you for an annual fee. Many other mailroom equipment suppliers will take back your machine at the end of the term and expect you to take out a new contract for another machine.
Peace of mind
Peace of mind
Frank-It lease agreements are provided by Capital Finance who are a Member of the National Association of Commercial Finance Brokers
Upgrades
Leasing equipment gives you flexibility. This is especially useful if the equipment leased is subject to quick technological change: you are not lumbered with out-of-date machinery and can regularly upgrade to a newer model. It is also suitable and available for all types of business from sole traders to multi-nationals companies.
Financial flexibility
We can offer you a lease plan from any period to suit you, from one year to six years**, and pay quarterly or annually. It makes budgeting simpler because you know your payment schedule. The other advantage is that repayments on all equipment you lease are fully allowable against tax.
Which is best?
Buying equipment outright is usually the cheapest solution, but if you take into account the total cost of ownership, it can make sense to lease. As well as releasing capital for other uses, leasing or lease purchase make it easier to forecast cash flow. This is especially so with agreements which include maintenance and repairs, since payments are fixed at the outset and are not subject to an annual increase. The choice of finance depends largely upon the type of equipment you want, the availability of cash now and in the future. Much also depends upon the interest rates available. The final factor is your own tax situation, as each method may have different implications for you. Check with your accountant.
REMEMBER – AT THE END OF THE AGREEMENT, YOU WILL OWN YOUR EQUIPMENT!
