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BUSINESS EQUIPMENT FINANCE & ASSET LEASING
Kerr Compressor Engineers & Kennet Equipment Leasing – Giving a business the power to grow
We have teamed up with Kennet Equipment Leasing, one of the UK’s leading providers of business equipment finance and asset leasing, to enable our customers to invest in the very latest energy-saving compressed air products and solutions without drawing on critical working capital and with the confidence that an optimum finance package will be provided.
Business equipment finance and asset leasing provide the flexibility to preserve cash and other facilities to use later and in other areas of your business, whilst continuing to invest in the equipment and other assets that your business requires. Some view an asset finance facility as being more affordable and beneficial than an outright purchase.
Benefits of financing your new compressed air equipment include:
- Peace of mind – pay monthly amounts that do not change throughout the term of the lease
- Ability to invest in quality, efficiency and reliability – invest in the best quality and most energy efficient new compressors and compressed air systems for your business needs, not just the cheapest
- Financial planning – protect existing lines of credit and preserve cash flow for future business growth – save your cash and money in the bank for other investments
- Financial security – avoid the use of overdrafts or bank loans, which can prove costly, pay a deposit instead of a hefty lump sum
- Financial advantage – an opportunity for your business to achieve major tax benefits through the financing of your compressed air system and equipment – lease payments are tax efficient*
- Maximising operational efficiency – your new system and equipment can be powering new machinery, earning you money and saving energy from day one without using critical working capital
- Renewing your compressed air system – at the end of your finance agreement you can upgrade your compressed air equipment ensuring that you always have the latest technology and systems to enable you to continue maximising your efficiencies
EQUIPMENT FINANCE & ASSET LEASING EXPLAINED
Equipment finance is typically provided by way of a Hire Purchase facility or Leasing agreement. This enables you and your business to invest in vital machinery or equipment with the cost of the investment made more affordable through monthly or quarterly payments appropriate to the asset type and needs of your business.
What is a Finance Lease?
Essentially, Finance Leasing (or Lease Finance) enables the business (the lessee) to acquire the assets needed to maintain or grow a business, without needing to purchase the asset outright. The assets remain the property of the finance company (the lessor) during the contract period.
Benefits of FINANCE Leasing include:
- Finance Leases offer flexibility in terms of the length of agreement, rental repayment profile and end of lease options.
- Unlike making an outright purchase, you will retain cash within your business and not require possible overdraft facilities.
- Effective financial planning. The lease repayment profile gives you confidence in being able to budget for the lifetime of the asset.
- Tax advantages as payments can be offset against tax liabilities.
- Investing in the latest equipment assets will help ensure your business remains competitive by keeping costs low.
- Fast turnaround times.
- Potential to carry on using the asset at the end of the lease contract period for a nominal payment, or you can look to upgrade the equipment with another lease.
Things to be mindful of:
- The agreement is secured against the asset.
- Non-payment of a contract could negatively affect the credit rating of the business and the guarantor.
What is a Hire Purchase?
Hire Purchase (or Lease Purchase) is a form of finance that can be used to purchase new or used equipment. Your business essentially hires the asset over the contract period and once the facility has been paid off, your business becomes the legal owner of the asset with title to the equipment.
Benefits of Hire Purchase include:
- Rather than one large sum, a business can spread the cost of investment in new equipment over a 3 to 5 year period.
- Makes larger more expensive assets more affordable to the business and preserves cashflow.
- Flexibility, you can choose a fixed term and deposit that suits your business while accessing high-spec assets.
- As the hire purchaser, your business will own the asset and title to the equipment after payment of the final instalment.
- There are usually no taxes or charges on Hire Purchase agreements and it is possible to claim capital allowances against tax.
- Hire Purchase agreements can be paid off early, depending on the customer and the contract.
- Lower interest than other funding options.
Things to be mindful of:
- Asset Depreciation.
- Non-payment could negatively affect the credit rating of the business and the guarantor and could result in the asset being re-possessed.
FINANCING YOUR INVESTMENT IN THE LATEST EQUIPMENT & SYSTEMS
Our finance solutions are available across the majority of our market leading, quality compressed air products and solutions including stationary compressors and systems, specialist air treatment products, Nitrogen generation solutions and MOBILAIR portable compressors.
Finance and asset leasing enables your business to invest in the latest technology and most reliable, energy efficient, quality compressed air and nitrogen generation equipment available with only a small initial outlay. Your business can therefore start to benefit from the cost savings or additional profits this investment generates before your next lease payment is due.
FREQUENTLY ASKED QUESTIONS:
With regards to whether it is best to purchase or lease, your business may be able to afford to purchase new compressed air equipment outright, however, before you make this decision you may wish consider the following FAQ’s:
Leasing is probably the most popular method of financing new equipment today. Virtually all compressed air products and solutions can be leased through Kerr including the very latest, energy saving systems available.
No. Your monthly payment is fixed at the start of the lease and so is unaffected by interest rate rises. This enables you to budget your cash flow more accurately. As inflation rises, because your payments are fixed, the cost of the equipment effectively reduces in real terms.
All payments are mainly made by Direct Debit on the same agreed date each month.
If you use all your cash, or any overdraft facilities, you leave your business in a vulnerable position to react to any unexpected needs of short-term borrowing. By leasing you do not need to find the whole invoice amount “up front”.
Nearly every market sector large or small benefits from leasing, from new start businesses to large, long established companies.
Yes. Payments can be offset against your tax liabilities. Your accountant or financial advisor will be able to give you more information on this and keep in mind that your business may also be eligible for the 130% Super Deduction Capital Allowance currently available when investing in the latest capital equipment such as our reliable, energy efficient compressors and compressed air systems.
Yes! With most lease agreements* you normally pay just one monthly payment in advance. This enables your business to invest in the latest technology and most reliable, energy efficient, quality compressed air equipment available with only a small initial outlay. Your business can therefore start to benefit from the cost savings or additional profits this investment generates before your next lease payment is due.
* Subject to terms and number of years trading
Simply complete, save and submit the online proposal form below.
Alternatively, please complete, save and return a copy of the KERR / Kennet – Equipment Finance Proposal Form
to web.enquiry@kerrcompressors.co.uk – we will do the rest!
For immediate assistance, please contact our experienced sales team on 0800 008 6588 or web.enquiry@kerrcompressors.co.uk. We are happy to help, discuss and liaise with the friendly, professional team at Kennet Equipment Leasing to ensure that we provide you with a personalised quote and finance solution that is tailored to your individual and specific needs.
KERR & KENNET: GIVING A BUSINESS THE POWER TO GROW
Helping and enabling our customers to invest in the very latest energy-saving compressed air products and solutions, Kerr Finance Solutions are provided through our partnership with Kennet Equipment Leasing Ltd, an experienced, trusted equipment asset and finance leasing specialist – giving your business the power to grow.
Kennet Equipment Leasing has been providing business equipment finance for UK companies since 1990. Thanks to its own significant resources, as well as access to many of the top lenders, Kennet has been able to successfully fund business equipment purchases for a wide range of businesses of all types and sizes. Having financed equipment to a value of over £500M, you can rest assured that Kennet are the people to talk to for any business equipment finance requirements. From £1,000 upwards, there will be a solution that suits your cash flow and budget.
Kerr Compressor Engineers (EK) Ltd is authorised by the Financial Conduct Authority (FCA) for the purposes of secondary credit broking. Firm Reference Number FRN 737474. All finance is subject to terms and conditions and may also be dependent on satisfactory credit and personal checks. Finance is provided by Kennet Equipment Leasing Limited who are authorised as both a broker and a lender under the Financial Conduct Authority. FRN 676024.
Please note that Kerr Compressor Engineers (EK) Ltd is not a tax, investment or financial advisor. Every business is individual and operates under different circumstances. It is therefore important to always seek professional, independent advice from your business accountant, Finance Director / financial advisor or tax expert. UK business users only – terms & conditions apply – please contact for further details
DOWNLOADS
Kerr & Kennet Equipment Finance Proposal form
Kerr – BCAS Factsheet Super Deduction Capital Allowance