If you are considering renting a slush machine, we offer lease rental options on our range of commercial equipment such as slush machines. Leasing offers many advantages which include;
✔ No up-front investment - giving you access to our slush equipment and syrups immediately.
✔ Straight forward budgeting – lease from as little as £1.50 per day, under £50 per month. (leasing over a longer period).
✔ Reduced tax liability on your profits as lease rental payments are 100% tax deductible.
✔ Leasing allows you to preserve your working capital.
There are many benefits when you lease compared to a rental which we don't offer. If you rent a slush machine, you will usually receive a second hand, lower quality machine and be tied into a slush syrup purchase agreement, usually at inflated prices.
Popular lease options available
Lease Rental - Title to pay at the end of term. 100% tax deductible with c20% tax relief.
Lease Purchase - No title to pay at the end of term. Not 100% tax deductable.
Monthly costs are the same regarding which option is offered. We offer lease rental options as standard due to the tax benefits you'll enjoy.
How it works
You decide on the equipment you are interested in leasing and term of lease, 3 years being by far the most popular. We will quote your rental cost based on you or your business credentials. For example, established Ltd companies of 3 years or more, will attract a lower price than new business start-ups and or sole traders. Leasing is subject to status but we have a high success rate with lease proposals.
Set up Costs & Charges
With all commercial leasing, there is a one off set up charge of £150. The most popular lease term is 36 months. The payment profile is 1 month (deposit) + 36 months.
Lease providers will also charge an annual service charge, in the region of £40 per annum
Proof of site insurance will be requested to avoid an insurance charge being applied. If charged, this cost will be refunded upon proof the site has insurance.
How tax relief compares;
Lease rentals offer our customers the most cost effective option. Tax relief has a value of 3 x more than a purchase outright option or lease purchase.
As an average, you will receive in the region of £275 tax relieve per £1,000 invested in capital equipment. This compares to approximatley £95 with a purchase option. Here are 3 examples to compare;
3x10Ltr slush machine bundle - £2,895 + VAT - Lease rental tax relief = £728 v lease purchase tax relief = £251. YOU WILL SAVE £477
How easy is it getting a lease?
If your business meets the necessary criteria, it's simple obtaining a lease. We have established close strategic relationships with some of the most flexible leasing companies in the UK. As a result we are now able to accept more challenging leasing proposals.
What happens at the end of a lease rental?
When you rent a slush machine from us, it will be over an agreed term, from 1 year to 5 years (price varies depending on the length of the lease), we will write to you offering you a range of options you can take advantage of. The most popular options is to purchase the title of the equipment at a huge discount verses the market value of your machine. The machine title usually costs approx. 6 months lease payments and as low as a single months payment for customers who are buying their supplies through us.
Alternatively you can upgrade your commercial equipment for new, using your old machine in part exchange or simply ask us to remove the machine. The choice is yours.
When you lease equipment from us, the warranty is not extended to the term of the lease but remains as advertised on each machine type.