Product categories
Flexible finance
At Back 2 Business we have partnered up with Shire Leasing to be able to offer you an even more flexible solution to having a coffee or snack machine.
What is Leasing?
Leasing a machine is where you take a financial agreement between you and the leasing provider (Shire Leasing). The agreement is taken out over a period of time and the length of the agreement is normally between 2 and 5 years.
Who are Shire Leasing?
Shire Leasing are a professional and competitive company who have been providing Leasing Finance since 1990. They allow customers of Back 2 Business Vending to have equipment without the need to spend large amounts of capital on equipment up front.
Visit the Shire Leasing website.
Leasing Information
Businesses, small and large use leasing because it offers so many advantages:
- Saves working capital - If you buy equipment outright your capital becomes tied up in a depreciating asset, preventing you from investing in other projects, whereas financing the equipment allows you to save resources for new business opportunities and unexpected needs.
- Easier budgeting - Payments are fixed throughout the agreement and are not effected by inflation or changes in interest rates. You can accurately plan for lease payments in advance, helping you to simplify budgeting.
- Maintains credit lines - If you lease the equipment, existing credit lines with your bank remain intact. You therefore retain the flexibility to use your banks facilities in the future.
- Upgrade options - Leasing allows your business to keep up with changes in technology and respond to any market or competitive pressures. You can add to or upgrade your original installation to accommodate changes in your requirements.
- Tax efficient - If you pay corporation tax, leasing payments may be deducted from taxable profits, which reduce the net cost of leasing the equipment.
- Convenience - Your payments can be made by direct debit. You can avoid unnecessary time organising payment for equipment rental invoices.
- 100% financing - A deposit may not be a prerequisite to the finance agreement. You simply make regular payments throughout the life of the agreement.
- Regular payments - Leasing helps you spread the cost of using equipment over a pre-agreed period by making regular (usually quarterly payments instead of a large capital outlay.
If you would like to see if you can lease equipment from us or to get a quote for a lease on any of our vending machines, please, please either call us on 0845 602 6738 or contact us online and we will get back to you as soon as possible.