We are an all encompassing telecoms leasing company so as you’d imagine, we’re not limited to Smartphones and Tablets. We lease fixed line equipment, laptops, software, headsets and much more. Just a few of the product categories we offer can be found here.
Who owns the goods at the end of the lease?
Once the final payment has been made, you or your customer can take title of the equipment by payment of a fee.
How are quotes generated?
We provide a fully Partner branded leasing portal so suppliers can generate instant quotes, save them as PDF and push them through for credit approval. Customers can get a quote using the form here.
Can I see the Partner Portal in action?
Of course. Request a demo via this page and someone will be in touch to demo the portal via screenshare.
Is there a charge for setup?
No. Portal maintenance and upgrades are free too.
Is training provided for my team?
Yes indeed. We offer unlimited remote portal training for all your team members.
How long are quotes valid for?
Quotes generated via the portal are valid for 30 days.
Can I bundle services into a lease plan?
Absolutely, that’s one of the main advantages of leasing. Training, number ports, installation and extended warranty are all types of service that can be attached to the equipment lease.
How quickly can an agreement be put in place?
We approve deals and raise documents in as little as 10 minutes!
What is your acceptance rate?
Our acceptance rate is over 95%. Due to our underwriting experience and panel of lenders we are in a position to cater for a large range of credits and product types.
Who takes on the liability?
At present we have 5 finance partners, one of whom will be responsible for taking on the liability at a competitive rate of interest.
Can I offer an Interest Free plan to my Client?
Of course, you can either pay the interest on behalf of your client (using your network subsidy for example), or offer a pure rental option where the customer pays under RRP for their equipment.
Are there any upfront costs?
Only the lender documentation fee which is priced from £25. We always aim to structure lease agreements with no upfront deposits.
Who is leasing aimed at?
Companies with a good credit rating, are technology driven, cash-flow minded and who wish to benefit from tax-relief. 80% of the FTSE 500 choose to lease their IT and Telecoms equipment thanks to the benefits offered.
What's in it for the customer?
Frequent technology upgrades, preservation of valuable working capital, up to 40% tax relief and fixed monthly repayments are the biggest benefits of leasing. Click the ‘Customer Benefits’ tab on this page to view more.
What's in it for us?
Retaining and increasing margin, speeding up payment terms, eliminating risk and improving cash-flow are the biggest benefits of leasing. Click the ‘Partner Benefits’ tab on this page to view more. Our promotions are also rather special too!
Do we have to buy our products and services through you?
No. As an independent leasing company we facilitate and project manage the underwriting of your lease agreement. Once in place, you are free to buy your goods and services from wherever you choose.
How and when are we paid?
Once the underwriting is in place with your customer, you will be asked to raise an invoice for the lease value and we will pay you via BACS either same day or next day depending on the time of deal completion.
How are the lease documents signed?
That’s completely your choice. You can opt for the documents to be issued via eSign or as attachments with written and visual instructions for where your customer needs to sign.
Do I need to hold an FCA license?
If you DO NOT have an FCA License, be it an Interim License or a fully approved license, you will not be able to offer lease finance to regulated customers, but you CAN offer this option to non-regulated customers.
What is classed as a non-regulated customer?
The following companies are not regulated by the Consumer Credit Act: Limited Companies, LLPs, PLCs, LEA Schools, Any organisation in the public sector, Partnerships of 4 or more partners. To confirm, you will NOT need an FCA License to offer these customers a finance option.
Would it not be better for us to work with a bank directly?
Not all banks are set up to deal with suppliers directly, so your options will be limited as to whose finance you can use. A broker, such as Lease Telecom, has access to a wide number of finance products which means cheaper rates and more approvals. We also guide you through the leasing process and take a lot of the hassle out of arranging finance for your Clients.
Wouldn’t it be better to buy outright?
No – Businesses should protect their cash reserves. In the words of John Paul Getty (American Billionaire) “If it appreciates in value, buy it, if it depreciates, lease it”.
Isn’t leasing just for businesses that can’t afford to pay cash?
No – Businesses that lease do so because they know that there are better uses for their cash reserves. They also know that every payment made towards a lease is 100% tax allowable.
Wouldn’t leasing only be relevant for large acquisitions?
No – Leasing can be used for all sizes of transactions. You can lease equipment from £1,000 upwards.
What happens with VAT?
Each rental attracts VAT. This can be reclaimed if you are VAT registered.
What happens if the equipment becomes faulty?
You are protected by the manufacturers/vendors warranty or service contract. It is your responsibility for any repairs if the equipment is out of warranty.
Does Lease Telecom provide finance for other business assets?
Yes – We can finance any business asset including any technology, plant & machinery, cars, commercial vehicles, office furniture, refurbishments, vending machines, telephone systems, catering equipment, agricultural equipment, and the list goes on.