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Category
Asset Finance

Factsheet Summary

Offering Finance to Customers

  • A guide to help your business present finance as a payment option to customers
  • How to explain the benefits of financing to your customers
  • How offering finance can benefit your business

Benefits for your customer

Spread costs in line with fixed payments

Manage your budget more effectively by spreading the cost of equipment via fixed and affordable payments, providing financial stability and easier cashflow management.

Significant tax benefits

Unlike cash, finance can unlock 100% tax relief on both capital expenditure and the interest which can offer notable tax advantages.

Lifecycle management

Avoid unexpected spikes in expenditure that you have not budgeted for. Spreading the cost lets you plan for the future, avoid equipment redundancy and take control of future investments.

Manage obsolescence

Refresh assets strategically rather than face large, unbudgeted write offs.

Turnkey solution

Customers can build all their costs into the agreement (not just the assets) to maximise their benefits even further.

Benefits for your business

Overcome capital cost objections by giving your customers the option to spread the cost over time.

Increase order values as, typically, a customer spends 30% more when choosing a finance option rather than using capital.

Retain clients - leasing naturally helps you to retain your customers who are much more inclined to renew with you at the end of the agreement, especially if they feel they have been looked after.

Win business from your competition by offering finance is a great differentiator; finance represents added value and makes you stand out from the crowd.

Last Updated: March 2024. Version: BS.202402.01FSOF

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