Posted to News on 4th Jan 2012, 10:05
Machine guarding supplied and installed on lease-purchase terms
Guarding of machinery is a legal requirement but finding the budget to purchase guarding can be very difficult. However, as with the purchase of other industrial equipment such as machine tools, machine guarding can be lease-purchased. This spreads the cost of the purchase over a period that is acceptable to the circumstances of the purchaser. For machine safety products, it is also a very tax-efficient means of meeting the legal obligations without delay, as 100 per cent of the instalments can be offset against tax.
With the low interest rates that we are currently enjoying, the cost of leasing machine guards can be surprisingly low. The cost of the installation can also be included as part of the lease-purchase arrangement. Furthermore, the interest rate is fixed when the lease arrangement is signed, which provides protection against any interest rate rises for the length of the lease period.
Contact Solon Systems for an illustration of the typical costs and tax advantages when lease-purchasing machine guards.
