Finance options
At Doornbos Equipment UK we have a range of finance options available to suit all budgets and requirements. You can hire, lease, rent to buy and purchase out right, machines and equipment. From high pressure water jetting pumps to vacuum tankers.
What exactly are the differences and the pros and cons?
EQUIPMENT RENTAL
Hire of equipment has several advantages: you do not have to make large investments and you do not have to face unexpected costs for maintenance and repair. Hiring can offer more financial freedom, because insurance, interest and depreciation are not your of your concern. In addition, you only pay for the equipment when you really need it. When the work is done, simply just return it.
If you use equipment on a daily basis, it may be more attractive to buy. However, even then, (temporary) hire can be interesting to test the machine in practice first. Alternatively, if you need the machine for a set amount of time, but it will not be used for a while after, leasing options are available and come with a generous discount.
Don’t you use equipment permanently, or do you occasionally need extra capacity? Then equipment hire might be a better option. Doornbos Equipment is happy to advise you on this.
BUY EQUIPMENT
The biggest advantage of buying a machine is the optimal flexibility. If you need the machine, you can always have it immediately. You also decide for yourself how long you keep it and when you sell it again. With the purchase of equipment you often qualify for tax benefits such as the investment deduction and the deduction of depreciation and interest.
A disadvantage of buying: it is a significant investment. In addition, maintenance, any defects and repairs outside the warranty are at your own expense. However Doornbos Equipment UK offer service and maintenance packages when purchasing equipment through us.
LEASE EQUIPMENT
Do you often need equipment, but do you lack the financial means? Then lease might be a solution for you. You agree on a contract for a specific period – for example 48 or 60 months – which means that the instalment amount is lower than for rent. You also have room to invest in your core activities.
If you opt for Operational Lease, the costs for service, maintenance and repair are also covered. Just like with rent, with Operational Lease you will not be faced with unexpected costs. The equipment remains the property of the supplier, although you often have an option to buy at the end of the term. With Financial Lease, the maintenance and service costs (except warranty) are for you.
Are you considering leasing equipment? Doornbos Equipment is happy to advise you.
Would you like to discuss your options and requirements with us? Call us on 01642 – 566360. Of course you can also email us via our contact form. We will then contact you as soon as possible.
RENT TO BUY
Similarly to leasing equipment, rent to buy gives the customer the option to rent equipment for a set amount of time with the opportunity to purchase at the end of the rental.