FINANCING
Investing in new or improved equipment is crucial to the long-term growth of any business; but have you considered why so many businesses now choose to finance such purchases as opposed to using cash.
COF Ltd have been providing specialist leasing facilities to all kinds of UK businesses for many years enabling them to comfortably spread the overall cost of any new equipment purchases, protecting their existing cash-flow and leaving existing credit lines untouched.
Leasing can also help businesses financially manoeuvre outside of their current banking arrangements and often avoids security required with most other facilities. Leasing also opens new channels for future growth.
What are the benefits of Leasing
Maintains Cash Flow
There’s no impact on existing credit lines, making further borrowings easier to obtain
Tax advantages
Leasing is often considered the most efficient way to acquire new equipment due to the tax benefits that can be realised. We advise our customers to speak with their accountant to confirm exactly how these benefits can be realised.
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-frontdeposits that affect cash flow.
Enables larger purchases
Because leasing spreads the cost of purchase, you may now be able to afford more than you previously thought. Alternatively, you can acquire expensive, yet more efficient equipment. This can in turn improve your businesses and profitability quicker than anticipated.
Customers Questions, Answered
Q. I’ve just started in business, surely that counts me out?
As our finance is secured against the asset, we can assist many new start companies. It may involve a little more detail, but our recently employed start-up underwriter is on hand to ensure that you achieve the best possible credit agreement.
Q. I’m not certain I’ve got the project yet but need to know if I can get the finance?
Just advise your consultant. If we are aware, we are prepared to take on the cost of underwriting and agreeing the deal to ensure that you can meet your commitments should you successfully gain the contract.
Q. Can the facility be withdrawn?
Q. Can I settle the agreement off early?
Q. I already have a good relationship with my bank, why do I need your help?
It is well known that banks make the majority of their profits from commercial clients. With excess fees and standardised rates, we now find that even our bank contacts struggle to provide the better deals.
Even if you think you are being provided with a good arrangement, why not test them out? With our knowledge of the marketplace we can quickly establish whether any better terms are around.
At the very least you can gain comfort in your current banks offer, or at the very best a new credit facility and a more competitive package.
Leasing Options
There are many different finance options available at COF Ltd, aimed at supporting the long-term growth of your business.
Below is an outline of what we can offer.
Hire Purchase
Lease Rental
Where the equipment is rented through the primary period with future usage being abandoned at the end of the agreement – in other words, you get to keep the equipment for however long you wish. Benefits may include accelerated tax benefits in comparison to lease purchase – often the favoured option when using asset finance.
Get In Touch
COF Ltd is a broker and not a lender