FINANCE
HIRE PURCHASE
OPERATING LEASE
A finance lease gives you access to the latest Hitachi Construction Machinery in return for a regular rental amount. Effectively ZAXIS Finance rents the machinery to a customer for an agreed period, and at the end of the hire period, the asset is returned to ZAXIS Finance. The leasing agreement is an affordable rental price that can be offset against taxable profits. The asset repayments count as a business expense and are fully tax allowable, and therefore VAT registered companies can claim back any VAT included within the rental payments. What’s more, maintenance costs can also be included in the repayment plan, integrating our SOLAS packages into your agreement, meaning there are no unexpected costs down the line. Financing your Hitachi Construction Machinery is one of the most cost effective options of rental.
We offer flexible, cash flow-friendly business hire purchase agreements. With this solution, you benefit from a payment model that can be structured around your needs. New equipment and machinery can be an expensive investment. A replacement excavator may be more efficient than an already owned, but rapidly deteriorating model – but where you see an opportunity for substantial productivity gains, accounting teams may see a large hole in the annual budget and cash flow issues. A business hire purchase arrangement represents a way to bridge this gap. It works simply: you pay the full VAT upfront, with repayments over an agreed contractual period, before taking full ownership of the item. To further reduce rentals a part-exchange, deposit, or balloon rental can be added to the payment profile.
Every business requires equipment, but not every business can justify the expense of an outright purchase. There are many reasons for this: you may have no budget left to allocate, the finance department may take issue with the transaction or you may have a functional asset that performs competently albeit not especially well. Operating lease presents a solution to this problem. If you are looking to secure vital assets without making a significant upfront financial commitment, an operating lease is a very attractive option. The way it works is simple. Over the course of an agreed contractual period, you pay a fixed periodic rental (+VAT). During this period, you’ll have full, unrestricted access to the asset. At the end of the contract, the asset is returned.
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