FAQs

Your questions about IT finance answered
 

Q: How do I arrange finance for my IT needs?

A: Inbay’s IT finance plans are structured to make your life easy.
     Here’s how you can get instant access to the technology you need.

·        Choose the equipment and software you want

·        Talk to Inbay about our finance solutions

·        We’ll propose a payment schedule tailored to your needs and
         put the facility in place

·        Sign and return the documentation

·        We place the order and arrange delivery

·        You’re ready to go!

 

Q: What are the main types of lease?

A: A number of different finance options are available:

Hire Purchase
Full invoice amount is financed
You normally own the equipment upon final payment
Appears on balance sheet and capital allowances are claimed


Operating lease
Off balance sheet funding for specialist equipment
You do not normally own the equipment at end of lease
Rentals carry VAT and are deductible against profits

 
Finance lease
Full invoice amount is financed
You have option to return or continue to use the equipment at the end of a lease
Appears on balance sheet, and payments are usually 100% tax allowable

 

Q: What are the benefits of IT finance?

A: In summary, the benefits are:

·        It’s good for your budget

·        It offers an alternative source of credit

·        It gives you total flexibility

·        It offers you easy upgrade options

·        Gives you freedom to choose equipment from different
         manufacturers