We know that deciding how you will pay for your project, while managing your organisation’s budget, will be top of your priority list. Paying upfront in cash is certainly an option, but an increasing number of organisations are choosing to use asset finance and spreading the cost overtime.
Spreading the cost over time meant they could keep hold of their cash, providing greater financial security and enabling them to invest in further growth.
Affordable and fixed payments including VAT costs throughout the term of their agreements make it easy to manage their budgets and avoids nasty surprise costs in the future, even if interest rates rise.
Their finance deals were structured to include every part of the project from the installation, including labour, to the new equipment.
All are now less reliant on their banks, keeping lines of credit clear and spreading their risk.
Rather than sinking cash into depreciating assets, when their equipment has reached the end of its lifecycle, they can upgrade via a new finance deal avoiding large capital investments at a later date.