Leasing commercial products
Discussion
Can anyone on the know please explain what can and what can't be leased as a commercial product purchased by either a S/E person or Ltd Company?
For example. are there rules with regard to anything described as 'consumable items'? or can you lease anything providing you can afford to pay the monthly figures.
In the industry I am in, equipment regularly costs in excess of £15k to buy and I can't think of a single competitor who offers leasing......there may be a valid reason of course!
Thanks
For example. are there rules with regard to anything described as 'consumable items'? or can you lease anything providing you can afford to pay the monthly figures.
In the industry I am in, equipment regularly costs in excess of £15k to buy and I can't think of a single competitor who offers leasing......there may be a valid reason of course!
Thanks
Had a good search using the interweb's best tool - Google, and it appears you can lease almost anything so answered to some degree my own post.
So second question (apart from the one in my original post as further info would be appreciated), are there any PH members working for a lease company who might want to have a chat - if so please pm me.
Again, thanks!
So second question (apart from the one in my original post as further info would be appreciated), are there any PH members working for a lease company who might want to have a chat - if so please pm me.
Again, thanks!
Exhibition equipment - modular stands and associated products with an average cost for a stand being somewhere around £10k up to $35k
I have found one competitor who offers leasing on all goods purchased (including pop-ups etc) with a value of more than £1000 (which seems low?). I've not personally had a dealings with leasing companies, so any recommendations would be appreciated.
I have found one competitor who offers leasing on all goods purchased (including pop-ups etc) with a value of more than £1000 (which seems low?). I've not personally had a dealings with leasing companies, so any recommendations would be appreciated.
EricMc is probably a better person than me to comment on this in a commercial environment, but worth checking out what the impact is on the lessee under IFRS.
They're just kicking in in the public sector and are going to have a significant impact as most of our leases will be finance rather than operating leases. Not a major deal for a lessor, but it has a significant impact on those using the goods. It's definitely changing how we view leases and our decision making around taking them up.
Afraid it's difficult to offer hard and fast guidance over what is a finance lease under the new regs, as the wording is woolly and it'll become more clearly defined as experience is built up.
They're just kicking in in the public sector and are going to have a significant impact as most of our leases will be finance rather than operating leases. Not a major deal for a lessor, but it has a significant impact on those using the goods. It's definitely changing how we view leases and our decision making around taking them up.
Afraid it's difficult to offer hard and fast guidance over what is a finance lease under the new regs, as the wording is woolly and it'll become more clearly defined as experience is built up.
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