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CNC Robotics works with Close Brothers Asset Finance to provide flexible finance options for our robotic systems. Understanding your return on investment starts with knowing your monthly commitment. Use our calculator below to see exactly what you’ll pay per month, helping you calculate the ROI per week, day, or even per shift.
Finance Calculator
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What is Machine Hire Purchase?
Hire Purchase is a great way to get what you need because you get to choose, use and manage the assets you need for your business over an agreed period, typically up to five years. The regular installments you pay as part of your agreement will cover:
– The asset’s depreciation
– Interest on the cost of the asset.
At the end of the term, you get to choose to buy the asset and own it outright.
Who is hire purchase for?
Hire Purchase is especially handy for:
– SME’s and businesses who want to keep control of their cash flow by knowing what their investments are going to cost them over the long-term, allowing them to budget effectively
– Purchasing ‘hard’ assets like vehicles, machinery, equipment and other assets with resale value
Advantages of Hire Purchase:
Time to repay
By spreading the cost over the life of the asset, a benefit is that you can lower the initial up-front payment.
Seasonality
If your business has busy and less busy times, your monthly repayments can be adjusted in line with your sales peaks and troughs.
Keep control
With Hire Purchase, you get full use of the asset throughout the repayment period and may even claim capital allowance.
Tax efficient
Hire Purchase can be tax-friendly because lease payments are treated as expenses, offering potential tax benefits compared to standard loans.