Today I would like to give some insider information on Leasing CCTV Systems or hiring them.
The Security Companies I work with do get a lot of enquiries for this service, but the majority of them will be rejected. What are the criteria for qualifying in the Credit Check Process?
- most private / non-business customers will not be able to lease a CCTV System at all, unless in some cases by securing the lease through a house and suffering increased interest rates. I recommend to purchase a good quality home cctv system DIY and to get it installed by ... your neighbour ?;-) Basically anybody who can handle a screw driver. One good quality DIY CCTV Distributer http://www.idealcctv.co.uk/cctvshop.html offers 1 hour telephone support with their packages.
- Business starters will rarely be approved, unless they can secure the lease with property... not recommended in this day and age. If approved nevertheless, the interest rate will be much higher.
- Business customers who have been in business for a minimum of three years will usually be approved... provided there have not been any serious or too many small hickups regarding the credit rating.
- Lease jused to be a great taxing advantage... unbeknown to many this has changed this tax year, depending on your financial situation. Lease fees are 100% tax deductable, so you can clame the entire CCTV Installation purchase + interest back. Until last year direct purcheses could only be clamed back 50% in the first year, 25% following year etc... and then the loss. This has now changed, as there is a large tax deductable purchase sum. Please speak to your accountant.
- After all Leasing CCTV Systems including Installation is still a brilliant way forward! In business everything is about cash flow! So if the money in your hands can be doubled, why give this purchase power out of your hands. Will you really save money by saving the interest?
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