Of course you can pay outright for your equipment and it is subject to the same warranties. However, leasing gives you financial certainty and it enables you to retain capital reserves in your business for other important things, such as staff training, marketing, a new website or expansion, as well as allowing for unforeseen eventualities. Importantly, when salons are budgeting for furniture, the temptation is to assume you need to make a capital outlay in one go and as a result, you may end up purchasing cheaper, less reliable and inferior equipment. Why compromise?

Using your bank for every business transaction is generally not regarded as good practise. Locating all your loan and overdraft facilities in one place and maximizing them may leave you vulnerable when you need financial intervention or support for investment or unforeseen expenditures. As business account costs vary, interest rates rise and changes in your banking T&Cs may result in payment fluctuations or reductions in your overdraft facilities, we advise leasing as the payments are fixed for the duration of the lease agreement.