Finance | GenQuip
No capex? no problem!

Genquip can introduce you to various funding providers helping you to access the Genquip product range without having to pay for the items upfront !

Hire purchase

Otherwise known as lease purchase - is a simple repayment facility, where you eventually own the asset at the end of your agreement.

  • Total control - the asset is yours at the end of the agreement
  • Flexibility in your repayments - makes for easy budgeting
  • Fixed or variable interest options - it's your decision which is best for you
  • Tax advantages - normally you can claim writing-down allowances and perhaps capital grants, while repayment interest may be offset against profits and VAT is usually reclaimable (please check with your accountant).

Finance lease

At the end of this commercial leasing agreement, the relevant assets are sold and you receive the major share of the proceeds. As the asset owner, the financier claims the available writing-down allowances and reflects this in your monthly payments.

  • Low up-front costs - for just a small outlay, you can use the assets immediately
  • Tax advantages - VAT is payable on the rentals, not the purchase price, while payments can normally be offset against taxable profit (please check with your accountant).