News
Ranger Equipment offers flexible finance
packages
Ranger Equipment of Chesterfield in Derbyshire, the sole UK importer
of the Teupen range of tracked access platforms, has launched Ranger
Financial Solutions to assist its customers with funding arrangements.
Ranger Financial Solutions, operated by Rob Scollick, is able
to provide highly competitive rates of interest and flexible
finance packages using a wide range of funders including high
street banks and European finance houses.
Commenting on the launch, Ranger Equipment's managing director
Steve Hadfield said: "We are delighted to be able to offer
this new service which we do so on a purely non-profit making
basis in order to ensure our customers have easy access to tailor-made
finance packages best suited to their individual needs."
The flexible packages available include:
Hire Purchase
The finance company funds the purchase and you repay the company
over a term that suits your cash flow, anything from one to
seven years. At the end of the finance term you will own the
asset. You can chose to repay on fixed or variable interest
rates and have the option to pay as little or as much deposit
as you like. The VAT is normally paid in full on signing of
the finance documents, however you can defer the VAT payment
for up to three months and in some cases repay the VAT over
the term of the finance agreement. In addition you gain the
benefits of claiming the capital allowances.
Finance Lease
The finance company purchase the asset and lease it back to you
in return for rental payments over a set period, anything from
one to seven years. At the end of the finance term you have
two options: either extend the rental period by paying a nominal
fee once a year, or sell the goods and retain a portion of
the proceeds. You are unable to claim capital allowances but
you can normally offset the rental against taxable profits
in line with your accounting depreciation. VAT is added to
the monthly rentals.
Operating Lease
The finance company purchase the asset and lease it back to you
in return for rental payments over a set period, anything from
one to seven years. The rentals pay for depreciation only and
not the entire capital cost, therefore monthly payments are
generally lower than for Hire Purchase or Finance Lease. At
the end of the term the goods are normally handed back to the
finance company as you do not have the option to sell or own
them. VAT is added to the monthly rentals.
For more information, contact us or Rob Scollick at Ranger Financial
Solutions
on 0870 005 3817.