Finance Your Equipment
Getting the right equipment for your event is a necessity. It’s not something you can afford to take risks with to get the best results. However, as with every good thing, you’ll need to pay for it.
Unfortunately, this can be where the difficulty sets in. Getting the right equipment will cost thousands of dollars which might be difficult for most people. This might lead you to consider settling for less when it comes to organising that event or party.
Well, the good news is that you don’t have to worry about that anymore. You can now avoid whatever financial difficulty that you considered through equipment finance.
What is Equipment Finance?
Why Equipment Finance
It Provides Financial Convenience
It Provides Faster Access to Equipment
It Is Easy to Access
You don’t have to worry about wasting valuable time trying to access equipment finance. You can get easy access to it. This is thanks to the wide range of lenders available to attend to your every need for equipment financing.
Although we aren’t a specialist in equipment finance, at Miss Feathers, we have a wide range of partners who are available to finance the purchase of your equipment. All you need to do is get across to them. They will be ready to make your equipment dream a reality.
Types of Equipment Finance
This is one of the most popular options that you can opt for. This option allows you to get access to ownership of the equipment from the beginning. Under this arrangement, the lender provides the cash price of the equipment. After this, you can purchase the equipment in your name.
However, after this, you’ll need to mortgage the equipment back to the lender as security for the loan arrangement. Once you complete repayment, the mortgage comes to an end.
Another option you can opt for is the hire purchase option. Under this arrangement, what you get access to is the possession of the equipment. The lender purchases it on your behalf and lends it to you.
After this, you commit to a repayment plan. Once you then complete the repayment, you get access to an option to purchase the equipment and make it your own.
Under this arrangement, you get access to the possession of the equipment under a rental arrangement. In turn, you commit to making a monthly sum as the rent sum for the equipment. You can rent the equipment for as long as you need.
Generally, once the duration expires, you can decide to extend the rental for another period. Alternatively, you can decide to end the rental agreement and return the equipment to the hirer.
Another option that you can opt for is the finance lease option. This option combines the features of equipment rental and the hire purchase.
Under this arrangement, you get access to the equipment under a lease agreement for a while. Then, as always, you make repayment throughout the lease arrangement.
Then, at the end of the lease arrangement, you can renew the lease or replace it with other equipment. More importantly, you can decide to purchase the equipment by paying the residual value of the equipment.
Equipment Finance Calculator
Getting equipment finance might seem like an inconvenience, thanks to uncertainty. You’re most likely unsure how much you’ll need to repay as an instalment. This can lead to hesitation when it comes to equipment finance.
You don’t have to worry about this anymore. You can now get financial clarity with an equipment finance calculator. This tool allows you to know how much you’ll need to repay based on the repayment schedule. However, remember that this tool only provides an estimate. To know the exact amount, you’ll need to get a quote from the lender.
However, to use this equipment, you’ll need to input the following information and click calculate.
The Repayment Duration
The Repayment Schedule
This is how often you plan to pay. This can be weekly or monthly, depending on your preference.
Once you’re good to go, you can contact any of our partner lender.