For information on how KOREC have responded to the COVID-19 Pandemic, and access to our Risk Assessments, please click here.

Finance

The financing of equipment can provide many benefits, and for some business models can be integral to their commercial success.

Whether you are purchasing replacement equipment, adding to an existing pool, or looking to set up a new business, naturally you will need to give some thought to how you are going to pay for your equipment.

Of course, the benefits to a business of acquiring our equipment do not come from owning it, but from using it, and therefore the method of funding used is often vital to commercial success.

There are usually a number of purchasing/financing options available, but the most common are:

Pay from your own cash resources

This gives you some initial flexibility but it also ties up your cash in the equipment for the next few years.

Take out a bank loan or using an overdraft

Whilst this is often a viable option, it can sometimes be difficult to find a bank that understands your business and your equipment requirements. It may therefore make more sense to keep any bank lines available for other financing, such as providing working capital or other less tangible costs.

Lease or Hire Purchase

Paying for the use of the equipment over time, drawing upon the income it generates, is often the most logical solution and accordingly is the most commonly used method of funding equipment purchases.

Many businesses turn to Lease or Hire Purchase as their preferred method of acquiring equipment, as it is flexible and overcomes many of the drawbacks of outright ownership. Once you’ve tied up capital in equipment it is locked away. By contrast, installment finance allows you to pay for the asset over its useful working life and means that you can utilise capital more efficiently and effectively.

At KOREC we are committed, together with our finance partner, to helping our customers secure the best finance options in the market place, providing impartial assistance with complete transparency and constructing tailor-made solutions to meet individual requirements. We are passionate about your business and want you to be successful.

h

For customers based in the UK, finance is arranged through United Asset Finance Limited who are authorised and regulated by the Financial Conduct Authority.

The following terms apply to the information supplied, to any finance quotations provided and to any current or future finance promotions:

  • Business users only
  • Credit is subject to status and approval
  • Guarantees may be required
  • Terms and Conditions available upon request

For more information please contact 0118 940 4100

Email – info@uafgroup.com

Website – www.uafgroup.com

h

Talk Korec

Case Studies
  • A combination of two Trimble GPS solutions, the R10 Receiver and Trimble Catalyst (a unique subscription-based GPS solution)

    Tackling knotweed with high accuracy GNSS Read More >
  • Trimble VRS Now has been used to replace a base station bringing even greater coverage and improved efficiency to the Hydrographic Survey Team at ABP Southampton.

    Supporting the safe navigation of vessels within the Port of Southampton Read More >
Case Studies
Latest News
  • We’re celebrating the eventual arrival of the Tokyo Olympics with our own mini competition, as well as highlighting our ‘dream team’ product line up. For the duration of the Games, we’re asking customers and colleagues alike to submit their best snaps on the theme of the Olympic motto – Faster, Higher, Stronger. We welcome photos […]

    TeamKG celebrate the arrival of the Olympics Read More >
  • Who needs low cost, on-demand, cm precision data collection? “A cm accurate GNSS solution at the right price point.” Christopher Cooke of 3LM on Trimble Catalyst We’ve just launched ‘A Grand Deal’ and it’s our offer of the summer!  Mobile, on-demand data collection with centimetre-precision, our KOREC Capture data collection app and the KOREC Portal […]

    Who needs low cost, on-demand, cm precison data collection? Read More >
Latest News
Webinars
  • Date: Wednesday 24 February Time: 3pm Join us on Wednesday 24th February to learn about our mobile mapping office software workflow and get updated on the latest enhancements, new features and functionalities. Our team will discuss data processing in Trimble Business Center version 5.40 and how to efficiently extract features and publish data using the […]

    Mobile Mapping Essentials: Software Update Read More >
  • Date: Wednesday 25th August Time: 3pm GMT Join the TBC team as we process data from the new Trimble MX50 Mobile Mapping System and use a variety of tools that can be applied in asset management workflows. In this session, attendees will learn trajectory processing, run-to-run registration, classification and extraction of point clouds and making […]

    TBC Power Hour: An Introduction to the MX50 in TBC: Asset Management workflows Read More >
View Webinars