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Mortuary and Funeral Supplies from the Rose House Group

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Equipment leasing Explained........

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Equipment leasing Explained........

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Quick Overview

Let’s take a look at the main benefits of leasing.



  • Monthly repayments will be on average between 35% and 55% less costly than the repayments on an equivalent loan. Also, in the majority of lease agreements, only a small deposit is necessary, usually amounting to 3 monthly payments. In the case of Rose House funeral supplies we take NO deposit.

  • One of the biggest attractions of leasing is that you are able to get a better product than you might be out of your price range in terms of purchase price. The product manufacturer warranty will normally cover the period of the lease and maintenance costs can be covered.

  • No huge up-front costs, capital outlay or loans.

  • Fixed price where most costs remain the same for the period of the lease.

  • We can include or exclude maintenance We can offer a final purchase figure within the contract if required.

  • You can have a brand new trolley, lifter, mortuary table or even a hearse, van or car every 2,3,4 or 5 years and benefit from the safety, and performance advancements found on newer models. Sorry we can’t offer exchanges on family members !!! ……….

  • 21% tax relief against end of year figure.


 


 


 


 

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Details

If it appreciates, buy it. If it depreciates, lease it.

The main reason for this reluctance to lease is usually the lack of knowledge of the benefits of leasing and the confusion caused by the terminology that surrounds it. In the following article we will explain, in easy to understand language, the leasing process and how it may be the ideal choice for you.

An educated driver will always be able to get a better deal.

When making any important financial decision it pays to be thoroughly prepared and while most people will invest a significant amount of time and effort when house buying or looking for a good pension product, for many drivers for instance it is deciding which make and model they would like to drive that takes precedent over car finance. This is often the case when choosing equipment for business. While choosing the correct make and model is an important, and usually enjoyable, aspect for drivers, knowing what form of car finance is best value for money for them, given their personal circumstances, can have a significant impact on the costs of driving that new car. This is quite simply the same case for capital plant procurement

The more information and knowledge that you have on a subject, the more likely you will be to find the best deals and to negotiate better terms of any agreement. The costs associated with personal transport, whether car ownership, public transport season tickets, or car leasing, is often one of the main costs people have to deal with after accommodation, being in a position to accurately estimate the total costs of driving a car will help keep your costs in control.

The benefits of leasing

Before we take a look at the main benefits that  leasing has to offer it is worth bearing in mind the famous quote of billionaire oil tycoon J.Paul Getty – “If it appreciates, buy it. If it depreciates, lease it. This quote, in a nutshell, encapsulates the main benefit of  leasing. A car for instance is not like a house which usually appreciates in value after purchase,whereas, when you drive away in your brand new car it is already losing value. This is exactly the same case with capital plant within the funeral home.

 If you take out a loan or finance agreement to purchase a car for instance, you are simply paying a set amount a month for something that is losing, not gaining value. In simple terms, you are buying a product which is depreciating in value not only every time you drive it but also when it is sat on your drive. Leasing is a different proposition for drivers, instead of owning the vehicle, the driver is pays a monthly amount to use that vehicle over a set period of time (typically 24 or 36 months). At the end of the agreement the car is taken back by the leasing company.

Please note

that leasing can be more efficient financially than purchasing outright as soon as you take into consideration the cost of the depreciation on the original purchase.

ie If you purchase a car for £10,000 at 0% finance over 3 years. The car could only be worth £3000 at the end of 3 years. You have lost £7000. Yes you have not been charged for borrowing the money in the first place, but the car has cost you a loss of £7000.

Now the same could be said of mortuary equipment in the funeral home............. unfortunately with specialist products there arn't specialist second hand buyers waiting to buy your old equipment unlike the car which can be sold at any number of garages. The market is limited  

With leasing this is NOT YOUR PROBLEM............... just hand it back and start of another new contract and get your old equipment exchanged for NEW.

NO OLD OUTDATED EQUIPMENT........ NO HASSEL TRYING TO RE-BUY NEW............Or SELL YOUR OLD TROLLEY........... Job DONE

* In every case and without exception. Please always consult with your accountant or financial adviser.

 

Additional Information

Manufacturer Unbranded

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