Low Monthly-cost Leasing for Business
At KRCS, we have partnered with Apple Financial Services to offer business-friendly finance for our customers. The aim is to provide the lowest possible monthly or quarterly payments, to spread the cost of using the devices over the whole time your business requires them.
You pay no deposit, and then monthly or quarterly payments over the period you wish to use the devices, typically 2 or 3 years. At the end of the period you have the flexibility to either return the devices and upgrade to the latest technology, or purchase the devices at a fair market value.
In our opinion, this gives you the most flexibility and keeps outgoings to an absolute minimum. This type of lease rental gives you the flexibility to decide at the end whether the equipment still meets your requirements, or whether the latest technology would suit you better. There is no need to make this decision at the beginning.
We know finance and leasing can be confusing, so please call our dedicated commercial team on 0115 985 1797 or email on firstname.lastname@example.org and let us explain all the detail, and give you a simple cost illustration.
Example (Correct as of June 2021)
Price on Apple UK web site
£1,207.50 + VAT
Deposit with KRCS/Apple Financial Service Lease Rental
Quarterly (12 payments, 3 Years)
Payment (per quarter)
£81.24 + VAT
£974.88 + VAT
Saving from Apple UK Web site price
19% (£232.62 + VAT)
Comparison of Lease Rental versus simple up-front purchase
Apple Financial Services Lease Rental
Upfront purchase on invoice or credit/debit card
Payments total less than the cash price of the devices
Pay the market rate up front for the devices
Spread the cost of using the equipment over 2 or 3 years from revenue expenditure budget
Pay all up front from capital expenditure budget and tie up cash
Tax efficient - businesses can usually deduct the full cost of lease rentals from taxable income *
No particular tax efficiency
Allows for technology refresh planning - the lease has a natural end date to keep your business up to date
Temptation is to run hardware for too long and allow it to become obsolete
Option to own at the end - or simply return the device and upgrade
You own the device from the beginning
*please consult your accountant or financial advisor for applicability to your business.
Apple Financial Services is provided by BNP Paribas Leasing Solutions Ltd, Northern Cross, Basing View, Basingstoke, RG21 4HL, registered in England No. 901225, authorised and regulated by the Financial Conduct Authority. Finance is subject to credit approval and contractual agreement. VAT is due with each rental payment and you will not own the equipment at the end of the agreement. Neither BNP Paribas nor KRCS provide tax advise, please refer to your accountant or auditor for lease accounting advice. A documentation fee of £83.33 + VAT will apply to all new agreements, and the minimum equipment value is £1,000. Terms and Conditions apply.