Credo Capital Finance
sales@credoassetfinance.com | 01603 703180

Credo Regulated HP Calculator

Finance Calculator

Credo Capital Finance is one of the UK’s leading providers of business equipment finance and asset leasing, enabling customers to invest in the very latest business equipment without drawing on critical working capital.

Use our interactive calculator to get an idea of the overall cost of leasing your equipment with finance from Credo. Just enter your predicted equipment cost in to our lease calculator and we will instantly show you a typical example of the potential costs.

Business Customer?: Yes
Cash Price (ex VAT): £0
£
Deposit Amount (ex VAT): £0
£
Term (months): 36
Please enter an amount between £1,500 and £100,000. For quotes outside these parameters please contact Credo Capital Finance for a bespoke quote.

If you'd like more information on how Credo Capital Finance can give your business the power to grow please call Credo Capital Finance on 01603 703180.


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All payments shown are EXCLUDING VAT, subject to status/affordability checks and are based on businesses trading MORE than 3 years (Terms and conditions apply). 

Credo Capital Finance Limted act as both a credit broker and a lender, where we act as a credit broker we will inform you. When we act as a credit broker, we will not charge you a fee for our services directly, instead we receive a commission from the lender we place your finance with. Further details can be found in our Terms of Business document.

Credo Capital Finance Limted are authorised and regulated by the Financial Conduct Authority, Firm Reference Number 670362. Credo Capital Finance Limted are an authorised Credit Broker and Lender. Credo work with a panel of lenders.

ASSET LEASING and BUSINESS EQUIPMENT FINANCING EXPLAINED
Equipment finance is typically provided by way of a Leasing agreement or Hire Purchase facility. This enables you and your business to invest in vital equipment with the cost of the investment made more affordable through monthly or quarterly payments appropriate to the asset type and needs of your business.

What is a Hire Purchase?
Hire purchase is a form of finance that can be used to buy new or used equipment. You essentially hire the asset over the contract period and once the facility has been paid off, you are the legal owner of the asset.

Benefits of Hire Purchase:

  • Rather than one large sum, you can spread the cost over a 2 to 5 year period.
  • Makes larger more expensive assets more affordable to the business.
  • Flexibility, you can choose a fixed term and deposit that suits you.
  • As the hire purchaser, you’ll own the asset after paying the option to purchase fee.
  • Depending on the asset and your circumstances, capital allowances may be available. You should obtain independent tax advice.
  • Hire Purchase can be paid off early, depending on the customer.

Things to be mindful of:

  • Asset depreciation.
  • Non-payment could negatively affect the credit rating of the business and the guarantor and could result in the asset being re-possessed.

What is a Finance Lease?
Essentially, Finance leasing enables the business to acquire the assets needed to maintain a business, without needing to buy the asset outright.

Benefits of Leasing:

  • Finance Leases offer flexibility in terms of length of agreement, rental repayment profile and end of lease options.
  • Unlike making an outright purchase, you will retain cash within your business.
  • Effective financial planning. The lease repayment profile gives you confidence in being able to budget for the lifetime of the asset.
  • Tax advantages
  • Using the latest assets will ensure you remain competitive by keeping your costs low.
  • Fast turnaround times
  • Potential to carry on using the asset at the end of the lease period for a nominal payment, or you can look to upgrade the equipment with another lease.

Things to be mindful of:

  • The agreement is secured against the asset.
  • Non-payment could negatively affect the credit rating of the business and the guarantor.