Finance from Kennet Equipment Leasing working with Cooksmill

Cooksmill is an award Winning Catering Equipment & Catering Supplies Provider. Over the past 30 years, they have established a reputation for industry excellence amongst hotels, restaurants, bars, cafes, schools and colleges, for providing the largest range of commercial kitchen equipment and restaurant supplies, competitively priced and delivered with fast courier delivery.

They work alongside Kennet Equipment Leasing, who can assist with both Lease and Hire Purchase options to suit your requirements. Simply give our Kennet Account Manager Adrian Chelsom a call today on 01675 469207 – or drop him an email on [email protected]. Alternatively, if you’d like a quote, simply complete the enquiry form below.

Cost of Equipment:

£

Calculate

1. For public sector enquiries or for an accurate quotation, please contact us directly on 01675 469254.
2. The rental price indicated is for general guidance and is subject to affordability checks.
3. Business Customers only.

*Estimated price shown excludes VAT and is based on business trading more than 3 years. Actual quotations are subject to status and affordability checks . Terms and Conditions apply. Rates will vary depending on individual circumstances of your business, and these examples are for illustrative purposes only. Finance example quoted is a Business Lease. For tax and VAT advice please see your accountant. Documentation fees do apply.

All payments shown are EXCLUDING VAT, subject to status/affordability checks and are based on businesses trading MORE than 3 years (Terms and conditions apply). A documentation fee will apply to your finance agreement, our typical documentation fee is £195 plus VAT (This may vary depending on which lender approves your application). Please pay full attention to the documentation fee on your finance agreement.

Kennet Equipment Leasing Limited act as both a credit broker and a lender, where we act as a credit broker we will inform you. When we act as a credit broker, we will not charge you a fee for our services directly, instead we receive a commission from the lender we place your finance with. Further details can be found in our Terms of Business document.

Kennet Equipment Leasing Limited are authorised and regulated by the Financial Conduct Authority, Firm Reference Number 676024. Kennet Equipment Leasing Limited are an authorised Credit Broker and Lender. Kennet work with a panel of lenders.

ASSET LEASING and BUSINESS EQUIPMENT FINANCING EXPLAINED

Equipment finance is typically provided by way of a Leasing agreement or Hire Purchase facility. This enables you and your business to invest in vital equipment with the cost of the investment made more affordable through monthly or quarterly payments appropriate to the asset type and needs of your business.

What is a Finance Lease? 

Essentially, Finance leasing enables the business to acquire the assets needed to maintain a business, without needing to buy the asset outright.

Benefits of Leasing:

1. Finance Leases offer flexibility in terms of length of agreement, rental repayment profile and end of lease options.
2. Unlike making an outright purchase, you will retain cash within your business.
3. Effective financial planning. The lease repayment profile gives you confidence in being able to budget for the lifetime of the asset.
4. Tax advantages
5. Using the latest assets will ensure you remain competitive by keeping your costs low.
6. Fast turnaround times
7. Potential to carry on using the asset at the end of the lease period for a nominal payment, or you can look to upgrade the equipment with another lease.

Things to be mindful of:

1. The agreement is secured against the asset.
2. Non-payment could negatively affect the credit rating of the business and the guarantor.

By submitting this information you are consenting to us contacting you for the purpose of a finance quotation.

What is a Hire Purchase?

Hire purchase is a form of finance that can be used to buy new or used equipment. You essentially hire the asset over the contract period and once the facility has been paid off, you are the legal owner of the asset.

Benefits of Hire Purchase:

1. Rather than one large sum, you can spread the cost over a 3 to 5 year period.
2. Makes larger more expensive assets more affordable to the business.
3. Flexibility, you can choose a fixed term and deposit that suits you.
4. As the hire purchaser, you’ll own the asset after paying the option to purchase fee.
5. There are usually no taxes charges on Hire Purchase agreements.
6. Hire Purchase can be paid off early, depending on the customer.

Things to be mindful of:

1. Asset depreciation.
2. Non-payment could negatively affect the credit rating of the business and the guarantor and could result in the asset being re-possessed.

Credit is subject to status and affordability. Terms and Conditions apply. Contact Kennet on 01675 469207 or drop us an email [email protected] to discuss your options.

Cooksmill is a trading name of Dadibhais Holdings Ltd

To return to the Cooksmill website, please CLICK HERE

AC-COOKSMILL-2024