AUDIO VISUAL
AV finance - Why should I consider financing AV equipment?
12 March 2021 // 3 mins read
Does your business desperately need to upgrade its AV equipment, but don’t have the budget to do so?
Our payment plan option allows businesses to upgrade their technology, whilst spreading the investment strategically over a three – five year period. This will give budget holders the flexibility to make an investment decision based upon their needs rather than compromising over budget constraints.
As there are many benefits to financing, we have worked alongside Bluestone Leasing, who are our leasing partner, to summarise a couple of them.
Tax saving
Tax savings are a huge factor for many businesses when they choose to lease rather than pay cash.
If you are a private business subject to tax, you can benefit from significant tax benefits as finance lease payments are 100% tax-deductible unlike typically using cash. As public sector organisations (such as the NHS and public education) don’t pay tax, this benefit wouldn’t be relevant to them.
Budget allocation
As technology continues to develop, we understand the importance of investing in the best solutions when you need them the most.
With leasing, budget holders can make an investment decision based upon their needs and stakeholders returns. You can pay small, regular payments that don’t change (regardless of any changes to interest rates) which helps you to easily budget throughout the year. This allows decisions to be made without being compromised by limitations on available capital, ensuring you make the best decision for your business.
Flexibility
Leading allows you to determine the term, how frequently you pay and exactly what you need.
Not only that, but you can build all your costs into the agreement to maximise your benefits even further. This allows you to include non-asset costs into the agreement, such as labour, delivery, and maintenance so that most projects can be financed in full.
Plan strategically
Rather than paying for everything upfront, you are able to spread costs in line with the Return on Investment (ROI).
At the end of the agreement, you have three options available to you:
- Return the assets to the funder,
- Carry on renting into a secondary term, or
- Pay a final fee to retain use forever.
Option three is normally the most popular as most businesses like to continue using the assets beyond the term agreement.
If you’re interested in hearing more about the benefits financing AV equipment could have to your business, or would like to discuss further, please email sales@runtech.co or complete the form below.
CONTACT US
Bluestone Leasing Limited (registered in England & Wales no. 02519389 and registered office at Lakeside House, Navigation Court, Wakefield WF2 7BJ) is authorised and regulated by the Financial Conduct Authority FRN no. 663701. Bluestone Leasing Limited are a credit broker not a lender. ICO Data Protection Registration no is Z6897676 Finance is arranged subject to status and terms and conditions.
© Bluestone Leasing Ltd.
