Aquarium Lease Hire
"Aquariums built for business..."
Our aquarium lease hire service is the perfect option for companies who want to spread the cost of their aquarium over a 2, 3 or 6-year period.
Benefits
Maximize Cash Flow
No large up-front payment so you keep the cash in your business,
Extended Warranty
All associated aquarium equipment will receive an extended warranty period past the stanard first year for the duration of the lease period.
Fixed Payments
Payments are fixed for the duration of the lease period with no hidden extras.
Tax Advantages
Leasing is the most tax efficient method of financing your aquarium, repayments are 100% allowable against taxable profit.
Existing Bank Credit Lines Unaffected
Leasing leaves bank credit lines intact and free for other business purposes. Working capital and bank overdrafts are also unaffected,
Lease Process
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The lease arrangement is very similar to the lease rental agreements you would use for IT and telecoms etc.
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The process involved in arranging a lease is quite straightforward.
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The leases are only secured against the project itself and therefore covenant strength of the lessee is a fundamental issue.
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The funders are interested in the usual financial information - statutory and management accounts to help them reach their underwriting decision.
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The underwriting process usually takes 2 – 5 days depending on the financial status of the applicant and the size of the project.
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At the end of the lease period you have two choices:
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Continue to rent the installation for the same monthly amount
or
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Negotiate the indefinite use of the installation for a small one-off charge.
Terms and Conditions
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Only available for registered businesses.
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Payment schedules are as follows 1 payment followed by 23.
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Alternative payment profiles are available.
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On a lease rental contract VAT is payable at 20% of the monthly rental.
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Offers are valid for 1 month from date of proposal.
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Rates are indicative only and subject to formal credit approval.
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Subject to status.
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An administration fee is payable with the first rental (Maximum £300 + VAT per agreement).