Pricing
Kingsway provides each Supplier or Dealer with a Leasing Rate Schedule to enable salespeople to calculate the instalments payable by each customer.
Rate schedules are designed individually for each Supplier or Dealer and take into account a number of factors such as:
- Type of Equipment sold.
- Cost of Equipment sold.
- Typical types of Customers sold to.
- Kingsway's experience of Customer payment patterns in your industry sector.
Rate schedules show a monthly or quarterly price for each £1,000 of Equipment financed. It is a simple process to use the schedule to calculate an exact price for any value or lease term.
The Rate Schedule will usually be applicable in approximately 80% of situations, but in the case of younger businesses in particular, we may seek an increased rate to cover the additional risk.
Kingsway's minimum value is usually £1,000 plus vat - the maximum is dictated purely by our assessment of a Customer's creditworthiness.
Our minimum lease term is 12 months and our maximum for most types of Equipment is 60 months, although longer terms of up to 84 months can be provided in situations where the Equipment clearly has a long life expectancy.
Kingsway Finance & Leasing Plc, Barons Court, Manchester Road, Wilmslow, Cheshire, SK9 1BQ
T: 01625 540600 F: 01625 540601 E: enquiries@kingswayfinance.com