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

Korec Group

0 items

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

Enquire

    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

    • “Trimble VRS Now can be summed up in a single word – reliability.” Neil Jefferies, Greenhatch Group Director     There are many reasons why KOREC customers rate Trimble’s VRS Now Service but in all the years since it’s release, the top four haven’t changed at all – accuracy, flexibility, reliability and availability – all […]

      Trimble VRS Now – no base station required! Read More >

    • Did you know that the Trimble X7 3D Laser Scanner has an integrated calibration feature that offers full auto-calibration of range and angular systems in 25 seconds with no user interaction or targets? This Trimble technology is a smart feature that monitors environmental temperature, ambient light, vibration, instrument temperature and vertical speed to take the […]

      The Trimble X7 auto-calibrates – five reasons why this matters Read More >
    Latest News
    Webinars

      No upcoming webinars available, check back again soon!

    View Webinars