Leasing cleaning equipment is an excellent way of conserving valuable working capital to use elsewhere in your business and paying a lease amount through an operating expense budget. Leasing is also often preferred when there is not a capital expense allocation for equipment that is needed before the next financial year.
The standard Proquip Lease contract length is 36 months, however, in most cases, we can also provide lease contracts from 12 months to 5 years. Please talk to us about your specific requirements and we will tailor a Lease agreement to best suit your needs.
The Operating Lease is our most popular lease arrangement as it means that you can get your equipment replaced with brand new gear every time your contract cycle comes around.
Ownership is not transferred into your company which means that it can be treated as an operating expense which is 100% tax deductible.
This option of leasing results in the ownership of the equipment being transferred to you after the last payment is made.
Asset & Liability – interest and depreciation claimed as a tax deduction.
“We purchased the TTE1100 and finance costs were the same as the cleaning contract over 3 years – a cost neutral purchase. We were using a contractor on a weekly cleaning schedule, but the factory was getting dirty by the same afternoon. Now we sweep the factory 3 times every day, and if we miss a sweep, staff complain about the dirty floor”
Nigel Barrett, ENI Engineering