01827 68939
info@shireleasing.co.uk
lockShire Online - Login
Twitter
LinkedIn
Shire Leasing logoShire Leasing white logo
  • About Us
    • History, Vision & Values
    • Meet the Team
    • Affiliations
    • Corporate Social Responsibility
    • Stakeholders (Section 172 Statement)
    • Career Opportunities
    • SME Finance Charter
  • Customer Finance
    • Types and Solutions
    • Vehicle Finance
      • Vehicle Solutions (existing customers)
      • Clean Air Zone Financial Assistance
        • Bath & North East Somerset
        • Greater Manchester
    • What Can Be Financed?
      • Catering | Restaurant Equipment Leasing & Finance
      • Gym Equipment Leasing & Finance
      • IT Equipment Leasing & Finance
      • Printing Equipment Leasing & Finance
      • Security Equipment Leasing & Finance
      • Air Conditioning Equipment Leasing & Finance
      • Finance For Farms
        • Farm Vehicle & Tractor Finance
        • Livestock Finance
        • Agricultural Machinery Financing | Agricultural Equipment Finance
        • Farm Diversification Funding
      • Renewable Energy Finance
    • Recovery Loan Scheme (RLS)
    • New Business Equipment Financing
    • Shire Members’ Club
    • Make a Payment
    • Testimonials / Case Studies
  • Supplier Finance
    • Services and Technology
    • Industry Specialisms
    • Training (Lead with Lease)
    • Case Studies & Testimonials
    • Supplier Support Portal
  • Blog
  • Resources
    • Resources & Guides
    • Videos
    • FAQs
    • Industry Terminology
  • Contact Us
Software updates and hardware upgrades

Lease Vs. Purchase: Equipment Maintenance

26 MarShire LeasingEquipment Finance, Equipment Lease

“Any sufficiently advanced technology is indistinguishable from magic” – Arthur C. Clarke

With technology advancing across all spectrums at an alarming rate, one of the greatest threats facing businesses today is the growing rate at which equipment can be rendered obsolete or less effective than its eventual successor. Failure to maintain equipment or implement upgrades can force you to become less competitive than the remainder of the industry. As a result, it is essential you are able to progress in accordance with the changes your industry may face without depleting your cash reserves.

One effective method of both maintaining a healthy cash flow and competitive offering is leasing. Through equipment leasing, the financial burden of obsolescence can be heavily mitigated – the financial obligation only limited to the length of the lease agreement itself. Depending on the nature of the agreement, it may also be possible to benefit form automatic upgrades and updates to equipment and software respectively, allowing for your business to stay at the forefront of its potential without damaging that all too important cash flow.

If you would like to find out more regarding the benefits of leasing over purchase click here to view our free download, explaining the benefits in greater detail.

GET IN TOUCH

Tags: Equipment Finance, Equipment Lease
prev KickStart lending to start-ups next 5 Resolutions for UK SMEs
Shire Leasing

Related Articles

Cash Flow tips

5 Ways to Keep Cash Flowing

21 JanShire Leasing
Equipment leasing for SMEs

A Concise Guide to Equipment Leasing for SMEs

16 JanShire Leasing
Why businesses lease their equipment

The real reason businesses lease their equipment

05 FebShire Leasing

Quick Links

  • FAQs
  • Career Opportunities
  • Terms & Conditions
  • Privacy Policy
  • Fair Processing Notice
  • Make a Complaint

Get in Touch

Registered Office:
1 Calico Business Park
Sandy Way
Tamworth
Staffordshire
B77 4BF
CONTACT US

Shire Leasing PLC is Authorised and Regulated by the Financial Conduct Authority for certain types of consumer credit lending and credit related activities that are regulated under the Consumer Credit Act 1974 and by the Financial Services and Markets Act 2000. For certain types of products Shire act as a lender and a broker and for some products we act as a broker only. Our firm reference number is 313055.

Twitter
LinkedIn

 

Tel: 01827 68939
Email: info@shireleasing.co.uk

Registered in England and Wales
No02476571

VAT registered 558 894 080

Registered with the Information Commissioners Office Z4611407

HomeAbout UsBlogContact Us
© 2017 All rights reserved. Site by Catalyst
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
SAVE & ACCEPT