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Hardware, Software & Technology

IT, Software & Technology Finance

As a business owner you may know the struggle: your IT [Information Technology] equipment seems to be outdated, the business server is down, or your telephone system needs a makeover, but there’s not enough capital to purchase new IT equipment without risking your cash flow.

Especially with rapid developments in technology, businesses cant always keep up financially. So whether you’re seeking funds for technology business equipment, or you want to obtain assets for your IT company, leasing and hire purchase are types of finance that can lend you a helping hand.

Asset finance can be used to get business equipment such as:

  • Laptop & desktop computers
  • Software
  • Servers
  • Telephones and communication systems
  • Photocopiers
  • CCTV
  • EPOS Systems
  • Office Furniture

Laptops On Finance

Hiring new employees also means getting more business laptops, and with a growing business and more opportunities to take on, you may been to make some upgrades too. In that case laptop leasing may be a practical way of getting IT equipment.

Laptop Leasing

To spread out the financial burden of purchasing IT equipment such as laptops, laptop leasing for small businesses can provide you with a useful financing solution, making investments easier to manage. It’s a type of equipment leasing, which prevents being stuck with obsolete business equipment.

  • You will have the option to lease laptops, computers for 6,12,18,24 months maybe longer
  • With a fixed monthly fee you can predict your monthly business expenses and don’t have to worry about your cash flow
  • You rent the laptop for a fraction of its useful life and return it when the agreed leasing period is over

Since the hardware usually starts to age after only 2-3 years, you can swop your old laptop with a new one after the end of the leasing period, keeping your IT equipment up-to-date.

This also means you can always acquire the latest business equipment, which may make your business more efficient. No matter what laptop you would like to lease for your business, we work with a number of lenders who can provide you with the ideal funding option.

Laptops on finance include brands and models such as:

  • Apple MacBook & MacBook Pro
  • Dell Latitude
  • Dell XPS
  • HP EliteBook
  • HP Spectre Pro
  • Lenovo ThinkPad & ThinkPad Carbon
  • Microsoft Surface Pro

Laptop Hire Purchase

If you prefer to buy and keep your equipment, Hire Purchase would be the better option for you. With this type of finance you can purchase laptops and use them in the long run, but still spread the costs.

The great thing about this finance type is that you’ll own the product after the last instalment has been made. The lender will normally require a 10% deposit and all the VAT upfront.

 

With this particular type of finance the lender will loan against your laptops, which you then have to pay back. In case you can’t make your repayments, the lender can keep the assets as collateral.

There are many types of Asset Finance out there, and Saffron Financial can help you find the right one for your purposes.