Leasing and Finance options


Credit account | Credit Cards | Lease and rental options

Please visit our new website www.tscbs.co.uk

We can offer leasing through our leasing partners CHG Meridian.


Finance lease


Under a finance lease, our finance company owns the asset throughout and the lease agreement covers a set period, this can be 2, 3, 4 or 5 years. The period is considered to be the full economic life of the equipment. During the lease period you have full use of the equipment and any risks associated with it such as wear and tear, maintenance, obsolescence etc. At the end of the contracted period we offer an option to continue leasing at a much reduced rate or to buy the equipment outright for a ‘peppercorn’ payment, usually one more payment at the lease rate.


Lease Purchase

This method of financing equipment purchases is similar to hire purchase. Essentially, it is set up like a finance lease but it is accepted that there is a clear intention, on your part, to purchase the equipment at the end of the lease period.


Operating Leases

An operating lease runs for less than the full economic life of the equipment and you are not liable for the financing of its full value. The equipment will have a residual value at the end of the lease and the lease company realises its profit at the end by selling the equipment on to another interested party or to you at a higher rate if you want it. There is no obligation for you to buy it at this point. The finance company carries the risk associated with the residual value of the equipment at the end of the lease.

This type of lease is often used when the asset is likely to have a resale value. You get the use of the equipment, sometimes along with our other services, for a fixed period, usually not longer than 3 years. Operating leases are particularly attractive to companies that frequently update or replace equipment and want to use equipment without ownership.


Public sector

Public sector bodies such as councils and hospitals are recommended by the IASC to use Operating leases where possible. They say:

“In most cases public sector organisations should utilise a fully compliant operating lease for the funding of their asset purchases”

With our leasing company all public sector bodies are automatically approved for up to £250,000 for OPERATING leases.


Operating lease example

• With an operating lease, the residual value (what the hardware is worth at the and of the lease) is taken off the amount you need to pay.

• Therefore only 90% of the value of the hardware is leased.

• The example below is for a three year lease on equipment with a value of £20,000 with quarterly payments of £1,661.

• When interest and other charges are added, the total cost comes to £19,932.

• At the end of the lease you can extend the agreement to retain the equipment or return it to the lease company



The benefits of finance
The case for IT finance is simple and powerful. Finance solutions let you acquire the technology you need now and spread the cost over your equipment’s useful life. You can free up working capital and start realising the benefits right away.

1. Good for your budget
Spreading the cost creates instant cash flow benefits, and lets you demonstrate ROI from day one.

2. Alternative source of credit
Lease finance won’t affect your other credit lines, so you can stay on the leading edge of technology, and dedicate your existing funding sources to other projects.

3. Total flexibility
Leasing can cover hardware, software, training, maintenance and more, in one simple, regular payment.

4. Easy upgrades
With our leasing solutions you can build in upgrades and migrations, without increasing your payments.

5. Freedom to choose
We are not tied to any particular manufacturer so you can specify the equipment and services you want.


Cash vs. Leasing

Compare cash purchasing with the advantages of leasing your IT:

Cash Purchase
Spread the cost over time NO YES
Tax efficiency
Create instant cash flow benefits NO YES
Demonstrate ROI from day one
Gain additional source of credit
Cover all acquisitions with one simple, regular payment NO YES
Upgrade IT without increasing payment NO YES

For more information call us now on 0845 649 2950 or visit the enquiry page on our new web site.


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