Finance Options
Why, how, what, when and where
When you are considering using finance to enable you to have those essential assets, a raft of questions will spring to mind. Below are a selection of common questions which we hope will address some of your queries, but don’t forget that our team are only a call or an email away.
What is the minimum amount I can finance?
£1,000 + VAT.
Who owns the equipment?
We partner with Reality Finance, who owns the equipment, and you will then rent it from them over an agreed period.
How long is an agreement?
The length of an agreement is usually a minimum term of 12 months and a maximum of 5 years, though this can be flexible and can be tailored to suit your business’s needs.
Do the rental payments increase and decrease like a bank rate?
No, once an agreement is activated, the rental payments are fixed over the period of the agreement.
Can we match our payments to the trading periods?
Yes you can. A great feature with a rental option is that Reality Finance can tailor the payments to suit your business needs. Payments can be made monthly, quarterly, annually, termly or even seasonally. So whatever type of business you are in, we can create a payment frequency that suits you.
When my business grows, can I add on more equipment?
That’s not a problem. Our solution has an in built upgrade option, so adding any type of equipment is possible (subject to a credit check).
What can I finance?
Basically anything your business may need. You can also include what we call ‘soft costs’, so training, software and consultancy could also be included.
What happens at the end of the agreement?
You will have several options:
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Continue to rent and use the equipment.
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Upgrade the rental and take advantage of having the latest version of your chosen equipment.
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Cancel the agreement and return the equipment.
Are there any fees, like there are in the motor trade finance?
Yes, there is an arrangement fee which will be collected with the first payment of all agreements.