Please use the machinery finance calculator below to access an instant quote. For projects over £100,000, please contact us to find out more.
Amount
£1,000.00
Term
1 Years
Monthly Payments
£97.71
Flat Rate
17.25%
Total Payable
£1,172.50
If you are interested in purchasing some machinery for your factory or warehouse, then please feel free to use our free, simple to use machinery leasing calculator.
With instant quotes available from £1,000 to £100,000 and with a term from two to five years, this machinery finance calculator is perfect to give you an idea on your monthly rental.
We understand that some machinery has a price over £100,000, if this is the case then please speak to a member of the team on 01494 422 967 and we can send over some accurate figures for your consideration.
Over the past thirty years, we have leased thousands of pieces of machinery to hundreds of companies.
Here is a quick snapshot of machinery we have leased:
And many more….
We can arrange leases from six months up to five years. The term does not have to be exactly a year long, agreements can be funded over any period of time between six months and five years. For example, you can lease over 28 months or coincide the number of months rental with your year end. Most finance companies are reluctant to finance machinery over a period in excess of five years. Their rational is that the rental term should match the useful life of the equipment.
About 80% of machinery leases we arrange utilises the maximum 5-year period, with the rentals being repaid either on a monthly or quarterly basis. The majority of machinery leases are written using a hire purchase agreement, which is available through leasingcalculator.co.uk.
The biggest danger is that you get your machinery leasing rates and then start speaking to your nominated supplier only to find a leasing company cannot set the supplier up. “You are lending the money to me, not the supplier” is the answer we get. Yes, that is correct, but leasing companies still look to check the supplier out to ensure they will still be around in business for the next five years. Their concern – and our concern – will be can they deliver the warranty, maintenance and support if needed.
If you are a sole trader or partnership and the machinery lease value is under £25,000, including VAT and interest, then the transaction is regulated by the Financial Conduct Authority (FCA). The FCA is there to protect you, the customer. If your supplier does not have a valid FCA licence the leasing company will not do the deal. If you come to us directly to do the leasing, then we are legally allowed to offer you a leasing option even if the supplier does not have an FCA licence.
The biggest danger to using this finance calculator is that we give you an unrealistic guide to the lease repayment. More often than not, this is where you might put in the VAT inclusive figure as opposed to the net exclusive VAT capital value. Also, for some great bits of machinery equipment to a good quality client, we can often negotiate better machinery leasing rates on your behalf.
This is where you buy machinery from your supplier, they invoice you and you pay them in full for the machinery equipment. You are then the legal owner of the equipment. You then decide you wish to lease this equipment and sell it to a leasing company. The leasing company pays you in full for the machinery upfront, and then leases it back to you over a period of time. It frees up your cash for other investment projects.
If you are looking to do a sale and lease back on machinery you own, please call us. We will give you free, impartial advice. We cannot always guarantee being able to offer a leasing solution, but we might be able to suggest other ideas like a business loan.
Yes and no is the answer. We have undertaken many sale and leasebacks for companies where they have bought machinery then decided to lease it at a later date. However, leasing underwriters do not always like to do this, hence the no. If the machinery is old and you are looking just for leasing as a money raising exercise, then leasing companies will often shy away from the deal.
Use our machinery leasing calculator to obtain a second quote. Even if you do not arrange the machinery finance through us, you can still use it to benchmark against other quotes.
Our machinery leasing calculator can help you define monthly/quarterly prices even before you have chosen the equipment or supplier. Often, customers will ask us to undertake a pre-credit approval, so you can confidently speak to machinery suppliers knowing the funding is in place.
The engineering sector contributes over £1trillion to the UK economy and thousands of engineering companies finance their machinery. We have financed hundreds of pieces of engineering machinery including grinders, milling machines, moulding tools and saws. For more information on these deals, and how you can arrange yours, please call us on 01494 422 967 or email info@leasingcalulator.co.uk.
You are based in the UK but your supplier is based in Eire, Germany, Italy or Spain for example. More often than not, we can still do this lease.
Yes, please still use the leasing calculator for this. Rates will be the same and we can lease second-hand machinery equipment.
Clearly, we can arrange the leasing for the machinery. In addition, if you do not have a supplier in mind, we can recommend companies throughout the UK we have longstanding relationships with. Hopefully, this will save you time and money.
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