Office Equipment - Product Financing / Leasing Options

Finance is available via our Strategic Partner, GE Capital Equipment Finance, for items totalling more than £750.00 + VAT. Maintenance can also be included in your finance agreement. Our Consultants will be happy to advise you of the most suitable package for your organisation and explain in full detail how leasing works and why it can work out cheaper than outright purchase. For your peace of mind, GE Capital Equipment Finance are members of the “FLA” Finance and Leasing Association.

What is leasing?

Leasing is a method of funding which keeps money in your business rather than tied up in depreciating assets, with regular repayments to meet your cash flow and budgetary requirements over a time frame to suit you. It's a cost effective alternative to paying cash.

The key principle is that its the use of equipment in a business which produces benefits, and not ownership. Leasing delivers that use, with the flexibility to structure payments that maximise customer returns over the life of the agreement.

For customers liable to UK taxation, the ability to set payments against taxable profits may improve tax efficiency.

How does leasing work?

The fundamental principle of leasing is that the customer gets immediate access to the equipment whilst spreading the cost.

Once equipment is decided upon, an agreement is drawn up between you and GE Capital Equipment Finance under which you have use of the equipment in return for regular payments over an agreed period of time. At the end of the agreement, you may have the option of return the item, replacing it, or extending the agreement further.

Why lease?

Because you can get more technology for less of your budget by leasing. Leasing allows you to spread your acquisition costs over a rental period of 3 or 5 years without the need for large up-front capital investments or the worries of technology ownership. Leased items are classed as “off balance sheet”. Leasing provides improved cash flow and releases your capital for growth and development opportunities.

Make your money go further

No large capital outlays
Cost spread over rental term
Regular fixed rental payments
Protection of existing credit lines
Potential tax and accounting advantages

Keep your options open for tomorrow

No risk of technology obsolescence
Upgrade opportunities
Technlogical flexibility
Competitive edge preserved

We have added frequently asked questions below, but if you have any questions or require personal help, please do not hesitate to contact us FREE on 0800 252 282.. Alternatively, you may prefer to e-mail us at: info@quadtronix.co.uk

Finance is subject to status. E&OE.

What exactly is a Finance Rental or Lease Agreement?	It is a hire agreement between you and GE Capital for equipment that you have chosen through Quadtronix. Quadtronix provides you with the equipment, GE Capital pay our invoice and you pay GE Capital regular rental payments for its use over an agreed period, known on most agreements as the minimum period.	How long will the Agreement be?	The minimum period of the agreement should be no longer than the expected useful life of the equipment you are hiring. Other than that you can decide what period best suits you and your budget.
How frequently do you require payments?	Most people make quarterly payments, but generally you can pay monthly, quarterly, half-yearly or annually. For major installations you can even structure payments specifically to meet your cash flow needs.	Can I change the payment frequency, once the Agreement has been signed?	Under some circumstances, it is possible to alter payment frequency, though there would be a fee associated with this request and possibly some financial penalty involved in making the change.
When are my payments due?	The first payment is normally due on the 1st day of the first month after you receive your copy of the Agreement. Direct Debits will be replaced on the 1st of the month. Invoices, payable on the 1st, will usually be sent out three weeks in advance.	What is the method of payment?	Normally payment is by Direct Debit, but in most cases we can arrange payment by invoice at a small additional cost.
What if I cannot meet the payments?	Obviously you will be under obligation in the Agreement to make payments when they are due. If you do not you will be charged whatever is the greatest, i.e. £10 or 2% of the amount due for each month that you do not make a payment.	When will I receive my first VAT Schedule and how often will I receive them?	You will be sent a detailed VAT Schedule within a month of the start of the Agreement. Assuming you are registered for VAT, it will enable you to recover input tax on your rental payments for the next twelve months. You will receive a new Schedule every year.
What proportion of my rentals can I claim against tax?	Under Lease and Rental Plan Agreements you can claim the full amount of your year's Rental Plan payment against profit in calculating your tax liability for the year. If you have a Purchase Plan contract please refer to document Terms and Conditions for guidance.	What if interest rates change?	Rentals are not affected by fluctuating interest rates.
Who are the Finance & Leasing Association nd what do they do? Does the fact that GE Capital operate under Finance & Leasing Association rules give me any extra security?	The Finance and Leasing Association is the major representative body for the leasing industry in the UK and it also covers consuming credit matters. It publishes a code of practice which members must comply with and runs a complaints and conciliation procedure for business transactions involving hire Agreements worth less than £50,000. The Association also publishes guidelines on clear, understandable documentation for customers.	What do I need to do about equipment insurance?	As soon as you take delivery of the equipment you are obliged to insure it against loss or damage. You are also liable for third party risks, including loss, damage or injury to persons or property. You may be asked for proof of equipment insurance by GE Capital and if you do not have any, they may arrange it on your behalf. The premium would then be charged together with your rentals.