Blackman & White have a number of finance options available to enable the purchase of capital equipment allowing businesses to grow and to see a rapid return on their investment.
The popularity of alternative payment options such as finance agreements, opposed to the outright purchase, has grown year on year since 2008 and in 2017, £32b of products, like ours, were obtained through finance agreements.
Why Consider Alternative Payment Options
Alternative payment options such as Hire Purchase (HP) and Lease Rental (LR) agreements allow businesses to obtain vital equipment whilst spreading the cost of payment over a number of years through affordable monthly or quarterly repayments. Blackman & White can offer both types of agreements.
With an HP agreement, the full VAT amount of the order has to be paid up-front, unlike an LR agreement where the VAT amount is spread across the agreement with the monthly or quarterly repayments.
When choosing which form of finance to take it is worth considering Corporation Tax Relief which is not as good with an HP agreement when compared to an LR agreement.
How Does It Work
Blackman & White will provide you with a quote; this quote will show the repayments of your chosen product over a number of years. If you would like to get a quote, simply contact a member of the Blackman & White Sales Team with the following information:
- Your business name (ideally with your company registration number)
- The product you would like
- How long you would like your agreement to be for
Blackman & White will contact their finance partners who will arrange a quotation, usually within 48 hours. Should you wish to proceed and additional information is required from you by the finance company, we can all work together to obtain what is needed.
When the finance company has the signed paperwork back from you and the agreement is formally in place, we will start building your machine and providing a delivery date for when it will be installed.
If you have any questions on Blackman & White finance options, please do not hesitate to contact us.