THE HARDSOFT MASTER LEASE AGREEMENT - a single direct debit for multiple orders at various times.
HardSoft specialises in IT leasing for small and mid-sized enterprises (SMEs). This means that HardSoft understands that SMEs may not make large one-off purchases, which would normally warrant a preferential lease rate; that SMEs may need make many smaller purchases in order to meet the constant changes in IT or their business.
A business venture one week may create an unexpected IT upgrade or expansion the following week, so it essential for a business to be able to obtain equipment almost immediately.
HardSoft offer expert advice, efficient and straightforward contract management, and terms that give maximum financial flexibility very quickly.
Master Lease Agreement
HardSoft’s Master Lease Agreement is an alternative to negotiating loans from banks or using up capital. A Master Lease Agreement allows many smaller purchases to be looked at individually, which are then treated as a single major contact - The HardSoft Master Lease Agreement.
HardSoft will work with SMEs to define an annual budget, and to qualify for the Master Lease Agreement the total IT expenditure must exceed £25,000. When you take into consideration that recent and current purchases can be included, it soon adds up.
Under the HardSoft Master Lease Agreement all individual contracts qualify for preferential terms, even for hardware or software valued as low as £500. The customer can define the term and type contract for each item leased, spreading the agreed annual volume (min £25k) across as many contracts as needed, while enjoying the same benefits as a major contract.
HardSoft carry out a one-off simple credit check per Master Lease Agreement and a single Direct Debit covers multiple acquisitions.
What happens at the end of the primary period?
At the end of the primary period there are various options depending on the type of contract entered into. HardSoft’s standard lease offers three choices: return equipment and order new; to quote a purchase price based on the equipment’s residual value; or continue to lease.
What if a business does not spend its budgeted amount?
HardSoft understands that business will have to deal with the unexpected; so if a business does not utilise the full amount of the agreed Master Lease Agreement or even has to postpone, HardSoft will find a solution. This may be by including delayed payments in a follow-up Master Lease Agreement, or extending the agreement. If less than fifty percent of the agreed line of credit is used, then HardSoft will recalculate the individual transactions on the basis of the applicable terms.
Trade-Up Option
The HardSoft Master Lease Agreement includes a trade-up option so that your business can keep pace with change. This means that when new technology is required, you simply upgrade within the terms of your existing contract and, in many cases, without increasing monthly payments.
Master Lease - Key Points:
- Single Direct Debit for multiple transactions
- A fixed cost
- Financial planning
- Lower costs - attractive terms based on your total line of credit
- Maximum flexibility - leases tailored to your specific needs
- Increased transparency - IT asset management
- One-off credit checks
- Defined terms for twelve months
- Spreading expenditure - as and when required.
HardSoft offer expert advice, efficient and straightforward contract management, and terms that give maximum financial flexibility very quickly. IT changes daily and needs to grow with your business, so rather than tie up your capital in order to have the latest equipment, lease it. It makes financial sense.