Printer Finance

Finance Your Printer

A printer is a necessary asset to a business operating in the manufacturing sector. Printers provide access to creating labels, packaging and creating objects and models.

With a range of finance solutions available, selecting the most appropriate product depends on your business structure, as well as factors including cash flow and asset value.

We can arrange finance and funding for manufacturing business looking to acquire a printer for their operations.

What is printer finance?

Printer finance provides manufacturing businesses with an essential asset for their corporate activities, whilst reducing risk to both working capital and cash flow.

Two financial solutions that apply to printer finance are hire purchase and finance leasing, allowing businesses to use the printer while making monthly payment over an extended period. If your business is asset rich, refinancing maybe the solution that is most applicable to you.

The manufacturing division at MAF Finance Group can help your business secure funding for a range of business assets.

Types of printer finance available

Hire purchase: Hire purchase is a form of asset finance that enables you to spread the cost of a typically high-value asset over an extended period with regular monthly payments. Hire purchase typically requires the full VAT payment to be paid upfront, however this can be deferred by up to 3 months through a VAT deferral scheme.

Finance leasing: This method of financing involves renting an asset over a specified period, with your business being responsible for the maintenance. It covers up to 100% of the asset's capital cost, and at the end of the lease, you have the option to extend the lease or request to sell the asset.

Asset refinancing: Refinancing high value assets on your balance sheet is an effective way to raise capital for your printer. The asset is sold to a lender and then leased back to your business under a fixed-term agreement. This allows you to unlock the asset's value while retaining its use for your business operations.

How does printer finance work?

In the financing process, you pay a deposit, a percentage of the assets value, and then pay the rest of the printer’s value through monthly payments throughout the specified term. In the payment process, you are not the owner of the asset, however the printer can be used for your business’ activities. With printer finance, you can set the deposit amount and how long you wish the finance the printer over.

Is printer finance right for your business?

Having the funds to purchase a printer outright requires a significant amount of capital to be paid upfront. Through our solutions such as hire purchase, finance leasing and asset refinancing, you can secure the asset for your business whilst not risking business cash flow.

Thanks to a fixed payment structure and high flexibility, a business can fit the printer financing payments into the rest of the budgeting, making paying for the asset a simple process.

Applying for printer finance

MAF Finance Group works with an array of banks and financial institutions to provide clients with the best financial products available.

If you would like to get a quote or learn more on our products, simply fill out the form below and we will be in contact with you. If you would like to speak to someone directly, you can call us on 0115 958 6872 and a member of our team will be happy to speak worth you. Alternatively, email us at [email protected].