Transform your business
In a fiercely competitive market, new technologies and equipment are the key to staying ahead of the game, but these call for significant investments. Amidst the day-to-day financial commitments, how do you stay financially sound? The answer: Asset finance with Grenke.
How does equipment finance work?
A customer's equipment is out of date and slowing its workforce. They have found the latest technology with their preferred supplier. Their supplier works with Grenke as their finance provider and applies for the customer to finance the equipment or asset with Grenke. After confirming the customers eligibility for asset finance, Grenke confirms with the supplier that the equipment can be financed with Grenke.
The Customer receives the equipment and any maintenance and service from the supplier. They become a separate customer of Grenke. Grenke purchase the equipment for them, and lease or hire the equipment back to them with regular payments over a fixed term.
Reasons to use asset finance
For businesses that want to use an asset but not own it at the end of the agreement.
Future-proof your finances
Lock in fixed rental costs and interest rates for the duration of your contract. Plan with confidence and eliminate financial uncertainties, ensuring your business remains agile in a changing market.
Safeguard credit lines
Protect your existing financial resources. By utilizing asset finance, you keep bank loans and overdrafts untouched, reserving them for optimal use when your business needs them most.
Maximize ROI on depreciating assets
In today's fast-paced tech world, equipment values fluctuate. Instead of large cash outlays on depreciating assets, our pay-as-you-use model ensures you get maximum value from your investments.
Stay ahead with cutting-edge equipment
Never fall behind the competition. Our B2B finance solutions offer upgrade opportunities, allowing your business to consistently operate with the latest, most efficient equipment in your industry.
Hire Agreement
Master Lease Agreement
Product purpose
Also known as Lease Contract, a finance agreement for equipment over a fixed period.
An agreement with preferential terms to finance multiple assets (equipment or machinery) over a 12 month period.
Offered through suppliers
Fixed monthly payments
Payment period
36 - 84 months
12 months
PreApproved annual investment volume
✖
Upgrade potential
✖
Multiple assets approved
Under One Agreement
Multiple Hire Agreements under One Master Lease
Service and maintenance included
✖
✖
Minimum investment offered
£500
£25000
Can I buy the technology after the Agreement ends?
A Hire Agreement, or Lease, means that you do not own the equipment at any point during the finance term, or after your term completes.
How many years are within a normal lease term?
Grenke usually offer between 2 and 5 years to finance your equipment. This will depend on your selected kit and the reseller you have chosen to supply your telecommunications package.
When do you start paying for the equipment?
Once it is installed and working to your satisfaction, you can sign our Confirmation of Delivery and your lease officially starts. The first payment will be taken on 1st of the next month or quarter and will include interim rentals [daily rental payments] for your new equipment.
What is financed with grenke?
// IT Hardware, copiers & printers
// Telecommunications
// Software
// Security
// Office furniture
// Coffee machines
// Vending machines
// Cleaning equipment
// Forklifts
// Air compressors
// Robotics
// Green technology & Waste management
// Medical equipment
// EduTech
// Hospitality & Catering
// Exercise machines
// Retail & point of sale
// Audiovisual equipment
// Beauty equipment
// Emergency equipment
Popular finance-friendly sectors
Asset finance isn't new and certain industries and assets are perfect candidates for funders like Grenke to support. So where do we see our finance option flourishing?
Is equipment finance for you?
Why us?
People
Our expert team is dedicated to your success. With years of industry experience, we provide personalized service and tailored leasing solutions.
Planet
Embrace sustainability without compromising on performance. Our finance supports environmental goals by providing access to equipment that can be reused, recycled and reduces carbon footprints.
Profit
Our competitive rates and customised payment plans are designed to maximize profitability. Let us help you turn financial challenges into opportunities for growth.
Principles
Integrity is at the core of everything we do. We believe in transparent, ethical business practices that build trust and long-lasting relationships.
People
Our expert team is dedicated to your success. With years of industry experience, we provide personalized service and tailored leasing solutions.
Planet
Embrace sustainability without compromising on performance. Our finance supports environmental goals by providing access to equipment that can be reused, recycled and reduces carbon footprints.
Profit
Our competitive rates and customised payment plans are designed to maximize profitability. Let us help you turn financial challenges into opportunities for growth.
Principles
Integrity is at the core of everything we do. We believe in transparent, ethical business practices that build trust and long-lasting relationships.
Set up your sales for success today and speak with your local Grenke team. They will walk you through the options and offer your team a smooth transition into the world of finance with Grenke.
