All finance is offered subject to status – Kennet don’t expect all clients to be perfect. Rates can vary and different terms can be offered.
The repayments before VAT are the same but the VAT is paid up front with HP, and per payment on a lease. HP is typically only offered to Limited Companies.
Kennet will initially ask you questions to establish which category of client you are and will reconfirm with an exact quote. If you’re then happy to go ahead based on the quote provided, Kennet Equipment Leasing may ask you to assist them by sending copies of your business accounts/bank statements and/or other information to them, to help get you the best terms, however in some instances only credit searches are required. It is at this stage that searches will be undertaken on the business and its owner(s)/Director(s). Subject to clear searches the initial offer will be confirmed and the application made with a decision reached in as little as 30 minutes.
In the event an offer isn’t issued Kennet Equipment Leasing may come back to you for more information. Kennet Equipment Leasing will then continue to search on your behalf for the best offer they can find. When you have an offer you would like to accept you will need to make a commitment and sign the finance documents. Your finance agreement will start from when you take delivery of the equipment. Any deposit you pay to us is offset against your initial rental due on your finance agreement. There are no added or extra charges made by us – Total Disc Repair – or by Kennet Equipment Leasing for arranging your finance. Customers are able to keep the equipment at the end of the lease term by simply paying a nominal final payment.