Leasing FAQ's.
We have tried to compile the most frequent and relevant questions that you ask about leasing on an everyday basis.
How will the Credit Crunch affect me ?
We think that rates will increase slightly over the coming months as
business's chase less available debt from the Banks & Financial
Institutions; simple supply & demand economics.
We also think that Banks could well ask for extra security for any
further lending or expenditure, this could also apply for the
continuation of overdrafts facilities and loans when up for renewal.
This would not apply to leasing
Do I need a large down payment?
Typically a large deposit is not necessary. You can start your lease with normally either one or three months rentals in advance.
Can I include installation and software costs in my lease?
The answers is nice and simple, Yes.
I need to raise some money, can I finance equipment I already own?
Yes, this is known as sale and leaseback. under certain circumstances.As a rule they have to be durable assets, for example CNC lathes, but really anything with a proven resale value which can be uniquely identified with a serial number or other form of identification. Valuations could well be required.
I am starting a new business, can I arrange leasing for the equipment needed?
Yes. We can lease whatever equipment you require for a start up business.
My credit isn't perfect, will I be able to have a lease?
Past credit issues do not necessarily disqualify you from obtaining a lease. The underwriters will consider how long you have been in business and what equipment you are buying; as well as your current situation.
What are the tax benefits?
Leasing is wholly allowable against taxable profits.
It is estimated that over 90% of the Times Top 100 companies use leasing
services as the best way to acquire equipment. See here for cash V lease comparison
How much can I have on a lease?
You can have any amount that you can safely afford
If you have a question that you would like us to answer, please e mail info@oaklease.co.uk.
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American Company choses Oak as European Partner
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Oak recruits Franchise Specialist
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Oak tops Leasing Websites
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Oak Leasing blog starts
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Indespension choose Oak Leasing as Finance partner for Southern Ireland
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Sun Smart choses Oak for European Leasing
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Austrian Equipment Manufacturer links with Oaks European push
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Equipment Leasing
