Not a finance expert? You don’t have to be - that’s why we’re here.
With all the options available, we know that it can be time consuming and difficult to understand what’s best for your business. Eclipx Commercial has a depth of experience within the food industry, and we've have helped many food processing and manufacturing businesses like yours structure smart leasing solutions that help to manage your cash flow and finances.
Leasing provides the benefit of breaking down a large upfront cost into smaller monthly payments, which helps keep equipment affordable. If the equipment in question has a relatively short life cycle (less than 10 years), it may not be worth burning cash on a what is essentially a depreciating asset. Instead, save your capital for other areas of your business that need it more.
If the equipment you use is likely to be upgraded or improved regularly, then leasing is a better option than buying, because you can return equipment after a set period of time, and upgrade it for the latest version.
Even once you have made the decision to lease, there are more decisions about the structure to be made. Some leases are structured so that you own the equipment at the end of the lease period, whereas others are in essence a rental contract where you return and/or upgrade equipment at the end. Some of these may include maintenance of the equipment as well. The structure which suits you will depend on the type of equipment you use – Eclipx can help work through your options.
Eclipx Commercial can structure your lease to minimise your monthly payments through the term, with the residual held on our balance sheet and not yours. You then have the option to return the equipment at the end of your lease without worrying about having to sell it off. The last thing you need is to find yourself stuck with an out-of-date machine that you owe money on (in the form of a residual payment) but can’t sell.
Ideally, the term of your finance should match the useful life of your equipment. Eclipx Commercial's specialists are familiar with equipment used in your industry, and will work with you to structure a lease that will best suit your needs.
Some equipment is more delicate than others, and may therefore need repairs regularly. Repairs can be expensive – but the good news is they can be priced into your lease payments by Eclipx Commercial, so that you simply return your equipment to the manufacturer for repair when needed, at no extra cost.
If the answer is yes, or you’re not completely sure, your finance arrangement should allow flexibility at the end of term.
Eclipx Commercial’s finance programs for food processing and manufacturing equipment allow you to decide at the end of your term if you’d like to keep the equipment, or upgrade it for newer models.
Food processing and food manufacturing requires specialised equipment, and that can also require maintenance. Having a maintenance agreement with the equipment provider rolled into your financing can make all the difference to the overall cost over the life of the equipment.
This is why is it so important to partner with an asset finance provider which understands your business – and can help you choose the structure and terms which will best suit your needs.
Eclipx Commercial has helped many food processing manufacturing businesses like yours finance equipment while keeping cash flow in check.
Business is hard enough at the best of times, but to come across a business partner that truly understands what you are trying to achieve is a breath of fresh air.
My business partners and I would have no hesitation in recommending the Eclipx Group to any of our associates as our experience to date has been exceptional, they are a truly professional organisation
Paul Ryan, Director, H2flow
Find out how Eclipx Commercial's industry knowledge, unparalleled access to a secondary market and flexible lease terms allowed Campsie Day Surgery to finance, maintain, repair and upgrade complex medical equipment in a truly cost-effective way.