Purchasing an air conditioner and paying for it outright is often surplus to requirements for many businesses. A HVAC system can be a large investment, so it is important to approach it correctly.
Many businesses opt to lease their HVAC equipment. HVAC finance solutions are an excellent way to spread the cost, install top-of-the range air conditioning equipment (that you otherwise may not be able to afford), and to mitigate financial risk.
What are the benefits of air conditioner leasing?
By leasing your HVAC system, you do not own the system that’s installed in your building. While this may not seem particularly beneficial at first, it often proves to be one of the most financially efficient ways to install HVAC.
Save on installation and maintenance fees
As the equipment is owned by a third party, oftentimes the installation and maintenance costs fall on them to manage.
This can save you a large amount of capital, as HVAC repairs are usually costly. We recommend customers to check the specifics with their chosen supplier.
Upgrade any time
When leasing, you are able to frequently upgrade your HVAC systems, allowing you to afford top-of-the-range equipment that otherwise might be inaccessible.
By upgrading regularly, you can ensure that your business is striving to meet climate regulations at all times, as newer HVAC technology often emits far less CO2 than out-of-date systems.
Staying at a new premises
For any business operating on a short-term building lease, or for one who has just moved into a new premises, HVAC leasing may be the most sensible option.
If there’s a chance that you may leave the building in the next few years, then it could be a poor investment to purchase a full HVAC system outright. Instead, air conditioner leasing allows you to stipulate a period where you’ll need the equipment, returning it when you leave.
Spread the cost of your HVAC system
Naturally, leasing means that there is no lump sum to pay; the costs of your HVAC system are spread over a predetermined period, helping you to manage your cash flow effectively and budget for the year.
Tax deductible against profits
Finance lease rental payments for your air conditioning equipment are often 100% tax deductible against profits.
What HVAC equipment can be financed?
Hire purchase is another great way to acquire your HVAC system, and is preferable should you wish to own your HVAC system at the end of your term.
There is a wide variety of HVAC finance options that are often used to fund:
- Air conditioners
- Chillers and cooling systems
- Heat pumps
- Dehumidifiers and air purifiers
- Ventilation units
Should there be anything you wish to finance that is not on this list, do not hesitate to get in touch with our specialists by clicking here, or calling on 01827 300 339. We are on hand to answer any questions you might have.
How do you get a HVAC finance/lease?
The process of getting your HVAC finance or lease is relatively simple.
- Identify the costs of your air conditioning equipment from your supplier/suppliers.
- Get a no-obligation quote and a credit decision within 4 hours.
- Documents are sent for you to complete via e-signatory.
- Once all documentation is completed and you have confirmed the HVAC equipment has been delivered/installed, the lender pays the supplier in full.
- Your agreement is made live, and you pay affordably by direct debit as you use the equipment.
Air conditioning equipment leasing & finance with Shire Leasing
At Shire Leasing, it is our mission to ensure that we meet your unique finance and leasing needs. While we have our aforementioned set process, we always endeavour to tailor the journey around your requirements, be that dealing in foreign currencies such as US dollars or yen, or working closely with you to ensure your leasing journey is as smooth and hassle free as possible.
Should you have any questions, or if you need advice on HVAC leasing best practises, get in touch with our specialists. We are available to ensure your HVAC requirements are met efficiently and cost effectively.
Prefer to call? You can contact us on 01827 300 339.