Finance

Leasing

We are agents for Photo & General Finance Limited, an independent finance company established for over twenty years specialising in leasing equipment to the professional imaging industry. By working in co-operation with Photo & General, we are able to offer our customers the Photolease; a simple and convenient way to pay for equipment to further their business.

PHOTOLEASE...Finance made easy

It is accepted that leasing is the flexible and practical method of acquiring equipment offering the benefits of ownership with particular advantages:

• Small initial outlay usually amounting to just one month’s rental.
• Payment can be spread over a period of two to five years dependent upon value and type of equipment.
• A single payment at the end of the lease guarantees retention of the asset for the remainder of its working life.
• When the asset is sold, and that decision is yours to take, you will receive back almost all of the sale proceeds.
• Rentals are fully tax deductible.
• The asset is shown ‘on balance sheet’.
• Cash flow is protected and the asset earns revenue in payment of the lease.
• Banking facilities left available for special projects, unforeseen expenses and a buttress to extended debtor terms and bad debt.

FAQ

Who pays the VAT?

Photo & General pay the VAT on the cost of the goods. VAT is then charged on the monthly rental and can be reclaimed if you are VAT registered.

Who is responsible for insurance, servicing and repairs?

You must fully insure the equipment. Guarantees, servicing and repair must all be arranged with Richard Frankfurt Photographic and/or the manufacturer.

What happens at the end of the lease?

Photo & General will normally extend the agreement for an indefinite Secondary Period on payment of a further ‘one off’ single monthly rental.

Can I get ownership of the goods?

Legislation governing leasing means Photo & General cannot sell the asset to the leasee or any connected party. There is however no advantage in ownership and therefore no point in gaining it.

What happens if I want to sell the equipment?

As owners Photo & General must sell the asset. However you can introduce the purchaser to them and negotiate the sale price, which should reflect market value. Photo & General will then refund to you the full sale proceeds less a £20 administration charge.

Why not apply today?

The Photolease offers so many advantages for today's photographer, why not take this opportunity to finance that urgently needed new Printer or Digital SLR!

For more information or to apply right away, get in touch with us by any of the methods below or fill in the Contact Form on our Contact Us page.

Richard Frankfurt Photographic Ltd
45-49 Gladstone Road
Croydon, Surrey
CR0 2BQ
United Kingdom

Tel: (020) 8665 9775
Fax: (020) 8665 9774

Email: [email protected]