Garage Equipment Leasing

In the UK, health and safety laws and carbon emission targets have conspired to make life that little bit more awkward for garage operators, vehicle repair and MOT test centres. Garages are constantly required to comply with various regulations on waste disposal, emissions and safety, many of which require the installation of new or updated equipment. Purchasing such equipment can prove inordinately expensive, however, which is why many garage operators are advised to lease items instead of buying them.

Portman Asset Finance is a leading provider of garage equipment leasing in the UK, supplying a large number of garage operators with all kinds of equipment. Offering flexible terms, fixed contract periods and extremely competitive rates, Portman Asset Finance has secured the trust and respect of some of the largest and most successful garage operators in the country.

Garage equipment leasing provides a convenient and cost-effective solution to the problem of renewing or replacing tools and machinery. There is little commercial sense in purchasing large and expensive equipment when the same items can be leased at a reasonable rate over a fixed period of time. Upfront spending on garage equipment that may last a few years or less is no longer viable in the current economic climate. It is far more sensible and prudent to spread the cost of garage equipment over its expected lifespan – not least because such equipment can be replaced if it fails to last the term.

Avoiding an initial and potentially enormous outlay on garage equipment may also prove necessary for new start-ups and small to medium-sized companies that cannot raise sufficient capital. Banks are no longer lending at the levels observed several years ago and it is unclear when the UK economy, private sector and banking industry might recover to support new ventures. Garage equipment leasing provides a lifeline to struggling companies in the motor repair and testing business. It is also worth noting that payments for garage equipment leasing can be offset against tax.

Portman Asset Finance has secured its position at the forefront of the garage equipment leasing business on the back of its experienced team of account managers, highly regarded customer service staff and hugely competitive rates. The company also provides flexible and lengthy leasing periods on all types of equipment used by garage operators. Furthermore, Portman Asset Finance makes quick decisions – usually within 2 hours – on all new applications and has an acceptance rate of 98%.