Let your Glamping Pod pay for itself!
If you are self funding your new campsite or farm diversification project, it would make good business sense to consider spreading the initial outlay cost by using business leasing finance*.
Business Leasing Finance can be a great way to let your Pods, Lodges and Cabins pay for themselves whilst budgeting to spread the cost. No need to wait to breakeven on the cash price, by taking advantage of our competitive finance options you can be making a profit much sooner
What is the difference between Lease Rental and Hire Purchase?
VAT is payable on each rental
To keep the equipment ‐ Time Finance will give you the option at the end of the lease term to retain the equipment for one additional payment
Accounting ‐ every rental paid can be treated as a business expense for tax purposes
All of the VAT on the cost is payable up front with the initial payment
To keep the equipment ‐ an option to purchase fee will be collected with the last payment you make. This is usually in the region of £150.00 plus VAT
Accounting ‐ Capital allowance on the equipment cost (as if you had paid cash), and tax relief on the interest payable.
We would always recommend that you seek your accountant’s advice as to which method is best suited to your business, but both options will allow you to keep your cabin at the end of the agreement and bring you the cash flow savings of asset finance.
Credit Criteria – Is my business eligible?
Working with Time Finance we can provide competitive finance* to all type of businesses from New Start’s right through to PLC’s and schools.
Businesses trading under 2 years will need at least one of the business
proprietor/partners/directors to own a UK property* or, have support from third party such a friend, family member or associate of the business who does.
Businesses trading over two years are not required to be UK property owners. The business proprietor/partners/directors or third party must not have any recent significant credit adverse such as unsatisfied CCJ’s, Defaults or mortgage arrears *While homeownership is required for younger businesses, this is to meet standard underwriting criteria and is not intended to act as security against the finance*.
*Finance is subject to status
Who are Time Finance?
Camping Cabins are pleased to partner with Time Finance to offer quick, simple & competitive finance* to help you purchase your cabins.
Established in 1987, Time Finance has grown to become one of the UK’s leading providers of equipment, vehicle and invoice ﬁnance. Time Finance can offer all business customers* a finance solution to suit their needs for any orders of £1,000 plus VAT or more. They cover the whole of the UK and have facilities to suit all of our customers, from start-up ventures to PLCs. *subject to credit
*Finance is subject to status
Why use Finance to fund your new campsite?
Your complete purchase can be delivered and operational without the need for capital expenditure. Have what you need today with no cash outlay.
Retain Credit Lines
Keep existing banking arrangements, credit lines and cash free for uses that are more appropriate. Note our finance facilities cannot be withdrawn like overdraft facilities. Use bank funding for working capital to maintain a healthy business.
Payments are fixed throughout the term of the agreement enabling accurate and simple budgeting and forecasting. Bank facilities are generally related to interest rates, which is fine when they are low but can cripple cash flow when they increase.
Let the Equipment Pay for Itself
Enable the finance* payments to coincide with the benefits of having the new equipment as they start to appear. You wouldn’t pay all your staff costs up front! Pay for the equipment as you gain the benefits, not before.
Simple Approval in Two Ways
First of all leasing may be classed as a revenue item for budget purposes which may make it easier for you to obtain authorisation for the expenditure.
Secondly, the approval process only takes one phone call. Focus can offer both lease rental and hire purchase with terms from 12 months to 5 years.
The monthly payments are the same for each option, but the VAT and tax treatment, and what happens to the equipment at the end of the agreement differs.
Time for a Bespoke Quotation based on Your Needs?
Get in touch and we will arrange for Time Finance to contact you and provide a bespoke finance quotation to suit your needs
|Weekly payments over 3 years…
|and have new building worth…
|Weekly payments over 5 years…