A Guide to Buying Your Survey Equipment on Finance

February 21, 2018

A Guide to Buying Your Survey Equipment on Finance

So, you’re looking to purchase survey/safety equipment but don’t have the capital up front?

Well, don’t worry!

One Point Survey are now able to offer Finance Lease options on our wide range of products.

But is this the right option for you?


Benefits of buying survey equipment on finance

The Main Benefits

In this guide, we will outline the main benefits of buying your survey equipment on finance…

1) Improved Control of Your Cash Flow

Purchasing an expensive piece of equipment will have a major effect on your cash flow.

Buying on finance allows you to spread this cost over a longer period of time, reducing the immediate impact on your cash flow.

2) Immediate Access to the Equipment Your Business Needs

Having the right equipment in place is often essential for the continued growth of your business.

If you have identified the equipment you need but simply cannot afford to buy it outright, then buying on finance can allow you immediate access to the equipment you need.

3) Affordable Repayments Over Your Chosen Time Period

It is vital to make sure that your monthly repayments are affordable.

Our finance options can be scheduled over 1, 2 or 3 years (sometimes more) to ensure that the monthly repayments are manageable.


Disadvantages of buying survey equipment on finance

The Negatives

It is also important to consider the disadvantages of purchasing your survey equipment on finance.

For example…

1) More Expensive Than If You Buy the Equipment Outright

Financing obviously comes with its associated interest rate.

This makes the total cost of the equipment higher than if you had bought the equipment outright.

2) You Are Locked into Your Finance Agreement

You should never enter a finance agreement without serious consideration because, once entered, you are locked into that agreement without the option to terminate it.

Please make sure that you are fully comfortable with the monthly repayment amounts as well as the period of the contract.


Conclusion

Buying survey equipment on finance can be an excellent option for those companies who wish to have access to their desired equipment immediately as well as spread the cost of this purchase.

However, we recommend giving serious consideration to the terms before entering a finance agreement.

If you have any further questions on whether financing your purchase is the right option for you; please call our team on 0800 633 5131.

Read More About Our Finance Options >>

 

 

 






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