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Shoe Repairer Forum

machine rental?


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I think it used to be done like this......

 

You lease the machine for a fixed number of years.

At the end of the Lease you purchase the machine for a small nominal sum.

It then becomes your machine.

It is important to get the best pay back deal in relation to Interest Rates, there are usually options as Keith has pointed out.

This is the favoured way to go if you expect to still be trading for the period of the fixed term,unless you can get better interest rates privately.(you will be guided as to the best options for your circumstances I would expect).

Much better than laying out for a machine with cash unless you have the spare thousands lying around that the taxman seeketh:D

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