Leasing Consultant Katie Dowse arranges asset finance on new and used printers and equipment for SEDO’s customers. We spoke to her about why a finance agreement can have substantial benefits over buying your printer outright.

As a finance broker with more than 25 years’ experience, Katie Dowse is familiar with all types of printing businesses and understands the equipment and issues involved for companies wanting to extend their assets. She specialises in putting together bespoke financial packages which enable her clients to acquire equipment in the most cost-effective way. The products she can provide include finance leases, lease purchase, secured and unsecured loans, short-term loans and trade finance.

The benefits of finance
“Never a borrower or a lender be…” is a piece of advice heard commonly enough, but have you ever stopped to ask yourself why? With deeper analysis, it becomes clear that there are genuine business advantages to taking out finance to pay for new equipment.

Katie explains: “One of the first things to remember when you’re considering whether to buy outright or to lease is that leasing will allow you to extend your budget to get the equipment that will be right for your business to move forward. If you want to buy your equipment, you’ll always be limited by how much cash you have in your account and how much of it you can spare.”

Another commonly overlooked benefit of leasing is that it gives you the ability to schedule your outgoings. You’ll know exactly how much you’ll be paying out each month for your equipment and you’ll know in advance when those payments will end. Furthermore, you won’t be taking a huge lump sum of cash out of your business at one go.

There are also tax benefits to leasing over buying outright or simply taking out a loan to purchase a new printer. When you take out a loan, the interest payments on it are tax deductible, but the capital portion of the repayment isn’t. However, when it comes to leasing equipment, the whole of each monthly instalment it tax deductible, which can make a significant contribution to minimising your tax bill.

What happens when the lease ends?
Most equipment finance comes in the form of leases, which usually run for three years. “Once your lease comes to an end,” says Katie, “you’ll have to make a decision on what to do next. You can return the printer you have and start leasing another one – a move which allows you to trade up to something bigger or more technically advanced. Or we can arrange for you to continue renting your current printer at a lower rate. This can be a very cost effective option.”

Of course, had you bought your printer outright and felt the need to upgrade, you would be faced with a trade-in value that would reflect a substantial level of depreciation over the first three years of the printer’s life.

The benefit of experience
Katie works in partnership with Clear Asset Finance and together they have the expertise to provide clients with the right financial product for the project they have in mind while offering some of the best leasing rates on the market.

“I understand that once you come to a decision, you’ll want to move forward as quickly as possible,” says Katie. “I can ensure that your finance is approved and processed as quickly as possible.”

To find out more about the financial packages available, call Katie Dowse on 07854 413909 or get in touch with SEDO on 01268 724570.