Commercial Fixed Term Leasing

What Is Leasing?

It is a written or implied contract by which the Lessor (owner) grants the lessee (2nd party) the right to use an asset for a fixed period of time in return for regular payments (rental payments). Commercial equipment leasing can be a reliable method of growing a business without reducing its cash flow.

What Is Equipment Leasing?

Equipment leasing can be a vital tool for all businesses that are looking to expand and grow sales by investing in new equipment. A Fixed Term Rental agreement allows you to lease (rent) brand new equipment without investing a huge amount in Capital Expenditure (CAPEX). Instead, you will be paying a monthly fee for your equipment that will fully utilise your business's Tax Deductible Operational Expenditure (OPEX).

Why Should I Choose Equipment Leasing?

There are many reasons why equipment leasing can be a more suitable option for your business than paying cash for new catering & refrigeration equipment.

Here are the main reasons:

Equipment leasing makes economic sense as it allows the lessee to use the equipment for as long as it remains useful.

It offers you the ability to spread the payments over the useful life of the equipment rather than paying for 3 to 5 years use up front.

You can update your business with the latest technology without compromising your Cash Flow.

By using Operational Expenditure (OPEX), you can write off the total amount of your leasing agreement against corporation tax.

What Kind of Equipment Can I Lease?

You can lease a single item of equipment or an entire refit of your premises. We will put your application to a panel of independent funders to assure you of the best deal to suit your particular requirements. It doesn't matter to us whether you are an established business or a brand new one; we will definitely provide you with our best level of service.

We cover a wide variety of commercial refrigeration in our lease plans, including chillers, refrigeration cabinets, integral and remote multidecks, glass door fridges/freezers, back bar coolers, serve overs, catering freezers, pizza counters, ice machines and, in fact, every product that falls into our commercial category.

Commercial leasing from KoolMax Group gives you the opportunity to afford that piece of equipment you need at a reasonable price spread over 3 to 5 years.  We will always provide you with the best solution for your business needs.

How Much Do I Need To Pay As A Down Payment?

Usually, when it comes to leasing refrigeration equipment with KoolMax Group, you don't need a large down payment. Your Fixed Term Leasing Agreement will usually be either one or three months' rental in advance; some applicants may qualify for 'no down payment' – Subject to Status.

Can I Finance Equipment I Already Own?

Yes, of course. This is actually called leaseback – the arrangement in which one party sells a property to a buyer and the buyer leases the property back to the seller. This agreement allows the initial buyer to make full use of the asset while not having their capital tied up in the asset.  Leaseback can provide some Tax Benefits.  To be discussed on the application.

Will I Be Able to Qualify for Fixed Term Leasing with Bad Credit History?

It may not necessarily apply that past credit issues will disqualify you from obtaining a lease. Our underwriters will consider many factors, such as how long you have been in business, your current business performance, whether you are a house owner or can arrange a guarantor and the type of equipment that you are buying.

What Are the Tax Benefits of Leasing?

Please call KoolMax Group for more details on the tax benefits relevant to your inquiry.

How Much Can I Borrow?

It does not matter whether you are going to replace a single piece of equipment or have large set-up costs for a new start-up; we can help you obtain a precise Leasing Package for your Individual Project. We deal with companies looking for funding ranging between £1,000 and £250,000; however, we can just as easily help you find £500,000 or more.

What About The 'End of Term' Options If I Lease?

Yes, after the completion of your leasing period of 3 to 5 years, the company allows you to make an offer to purchase some or all of the equipment.  You have a number of options that will help you decide the best one for your particular business, for instance;

Continuation of the lease agreement for a further period

Return of existing equipment & upgrade to new equipment

Return the equipment with no further obligations

Please speak to our team to find out the right type of agreement for your business.

Who Will Be Responsible for The Service & Maintenance of the Equipment?

As a lessee, you are entitled to the benefits of the "buyer" warranties and are, therefore, accountable for the care and maintenance of the equipment.

Who Insures the Equipment during the Leasing Period?

The Lessor (the Leasing Company) remains the legal owner of the equipment until the end of the agreement. It will be your responsibility to make sure that adequate insurance is taken out to protect yourself and the Lessor.