YOUR FINANCIAL PARTNERS
FINANCE
Compressed Air Solutions Finance Warwick
ALS Industrial Services Ltd & Shire Leasing: Your Financial Partners
At ALS Industrial Services Ltd, we’re delighted to work hand in hand with Shire Leasing. Together, we prioritise your financial needs.
To Shire Leasing, ‘service’ isn’t just a word; it’s a promise. You’re not just another customer but our most valued one. Our ethos is simple: to offer the kind of service we’d expect for ourselves.
Boasting a wealth of experience, Shire’s expert team dives deep into the essence of your business. From Leases to Hire Purchase, Shire Leasing Limited tailors financial solutions that genuinely resonate with your requirements.
Understanding Finance Lease
Most often preferred by businesses, from limited companies to sole traders, a Finance Lease is a credit arrangement. It’s a way for your business to utilise essential assets without the initial outright purchase.
Why Opt for Leasing?
- Flexible agreements: choose the term length, repayment schedule, and end-of-lease plans that suit you.
- Maintain a healthy cash flow: no need for a full upfront payment.
- Predictable finances: regular lease payments allow for easy budgeting.
- Tax relief opportunities that cover most of the cost of interest.
- Stay ahead with up-to-date assets, optimising operational costs.
- Quick decision-making and fast approvals.
- At your lease’s conclusion, either continue using the asset for a minor fee or explore newer equipment through another lease.
- The asset itself secures the lease.
- Consistent non-payment might impact both the business’s and the guarantor’s credit standing.
What about Hire Purchase? It’s a finance model where you rent an asset until your payments cover its cost. At the end of your agreement? It’s all yours. You can spread out costs and eventually own the asset.
The Perks of Hire Purchase:
- Spread costs over 3 to 5 years, making pricier assets accessible.
- Pick a term length and deposit that aligns with your needs.
- Ownership is yours once the final payment is made.
- Generally, there is no additional tax on Hire Purchase agreements.
- Some agreements allow early completion, depending on individual circumstances.
However, Keep in Mind:
- Assets can depreciate over time.
- Persistent non-payment risks asset repossession and could dent the business’s and the guarantor’s credit profiles.
All our financial products are subject to terms, conditions, and credit assessments.
