What is Leasing?
Asset finance or leasing is a way of purchasing different types of equipment and machinery without having to pay the full amount upfront.

There are a number of structures in place that can be used, the attraction of each one will vary according to your requirements and perhaps, according to tax changes made by the government.

The Benefits for you are...

• Fixed monthly payment
  plan your cashflow with confidence
• Immediate use of the equipment
  obtain what you need today - no cash worries
• Independent funding
  does not affect any existing bank or credit
• Easy to arrange
  Finance can be available for you within 2 hours
• 100% tax relief all through the term
  Your money is working for you

How can we help you?
J & N Food Equipment Ltd offer you and your business a simple and efficient financing method, without intefering with your bank credit line. Leasing equipment has many advantages for you over cash purchase or HP. Give us a call and enjoy the multitude of benefits including spreading of cost of your new purchase without having to find an upfront payment.

Lease v Cash
When you purchase an asset by either 'bank cash' or your own cash reserves, effectively you are out of pocket for several years. There is no logical reason in paying 100% of the equipment cost on day one when the income generated or benefit gained by your business will be spread over a period of years.

FAQ's

Why is leasing so tax efficient?
Every lease payment is 100% allowable as a tax-deductible expense, thus reducing the real cost of your purchase. A cash or loan purchase will only allow a small percentage write off in the first year, reducing each year thereafter.

Is borrowing from a bank cheaper?
At the start payments are probably lower, but over the course of a lease the greater tax savings will mean that your lease compares favourably with a bank loan. Depending on your circumstances it may even be cheaper to lease.

"But if my bank finance and leasing finance are similar in cost in the long run, why shouldn't I just go with my bank?"

Bank's often want security for the loan on your personal or business assets, or both. Leasing is unsecured. Remember - bank loans and overdrafts can be repayable on demand - check the small print! With a lease - providing rental payments are paid on time, the facility is fixed until the term ends.

What is required to qualify for a lease?
Simple applications for our equipment can be done over the telephone. On rare occasions, your Accounts may be required dependent on the value.

How will leasing benefit my business and me?
Lease finance is a convenient and comprehensive method of fitting out your shop or factory with minimal capital outlay, freeing financial resources for development elsewhere.

Do leasing rates fluctuate like interest rates?
No, Leasing rates are fixed and do not vary with bank interest rate charges, a major bonus enabling you to accurately plan ahead your cash flows and budgets.

Can I apply for leasing if I am a new business?
Yes, new businesses are considered, although additional information may be required.

Is there a minimum value?
Yes, the minimum value for our equipment is £1000.00 ex VAT.

What is the repayment period?
The repayment period is normally 36 months although 12, 24, 48 and 60 months are available.

Can I upgrade my machine during the leasing term?
Yes, you build up equity in a lease that can be utilised to add or upgrade equipment if or when required. As your business grows, we are there to support you.

What happens to the equipment at the end of the lease term?
Providing the contract has not been broken, we can offer uninterrupted possession of the equipment. Title of goods can be transferred via a third party for a nominal payment agreed in advance.

What are you waiting for? - call us now and get your equipment installed tomorrow!