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Laundry Equipment Leasing

pixabay_laundry-saloon-567951Gone are the days of the washboard, today’s laundry equipment requirements are a little more sophisticated! From launderettes and dry cleaners, to hotels and student accommodations, laundry equipment needs to be efficient, functional, and long-lasting.

That’s where Johnson Reed come in. We have experience working in this sector, having helped provide laundry equipment for over 50 installations in our 15+ years of operation.

Read some of our Laundry Finance case studies

We can source excellent leasing and finance packages to allow you to get new laundry equipment on much better terms than traditional bank lending or outright purchase.

We have experience of leasing the following equipment, including all coin operated laundry machines:

  • Washers
  • Dryer machines
  • Stacking equipment
  • Ironers
  • Shirt finishing machines

We often jump at the chance to source new laundry equipment, as our underwriters love this sector and see a strong asset value in the equipment, hence are prepared to provide facilities over 5 years – often with no deposit!

By using leasing to get your new equipment, you are not only signing up to a fixed term agreement with no hidden costs, but also taking advantage of leasing’s inherent tax benefits. Write off 100% of the cost against your tax bill – a huge bonus over outright purchase!

So what more reason do you need? Sign a fixed-rate contract and secure inflation-proof laundry equipment leasing for a defined period with Johnson Reed.

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We can help you get equipment leasing for...

Whether you are looking to finance a single item of equipment or an entire refit of your premises, we promise to react quickly and access our panel of independent funders to get you answer as soon as possible. It doesn't matter to us whether you are an established business or a brand new one, we will do our very best to provide you the same great level of service.

What are the main benefits of equipment leasing?

We offer all forms of finance but we believe the greatest benefits in most situations are offered by leasing, here's why:

  • Increase your profitability — You can conserve your working capital and put it to use in other more profitable ways
  • Help your cash flow — Have the equipment you need now without affecting your companies cash reserves
  • Afford the best quality — Get the very latest equipment, don't cut corners, tomorrows technology today
  • Pay as you use — You can pay for the equipment as its used and spread the cost through its working life, i.e. over three to five years
  • Tax allowable — Rentals are fully tax deductible, so why not take advantage of this?
  • Upgrade equipment — Get the benefit of new equipment by simply upgrading the equipment or extending its current usage
  • Plan your budgets — FD's love to know repayments are fixed
  • Simple direct debit — One rental can include all equipment and ancillary costs i.e. consultancy, installation, training and maintenance
  • Keep your credit lines intact — Leasing does not affect any of your existing credit lines

What are the tax benefits of using leasing?

One of the great things about using leasing for your catering equipment is the tax-efficient way in which you can borrow the equipment. Simply offset the cost of leasing against your tax bill, and at the end of the fixed term you own 100% of the equipment! Due to the nature of leasing, your fixed repayments will mean you can spend your precious cash on other areas of your business.

Find out more about tax-efficient leasing

What is the process for getting leasing?

The process for getting equipment leasing is quite straight-forward, and includes the following steps:

  1. Finalise the kit specification with the client
  2. Johnson Reed will secure the credit from their panel of lenders
  3. Johnson Reed will provide invoicing instructions to the reseller
  4. The paperwork is signed by the client
  5. Delivery is arranged by the equipment reseller
  6. Payment of the invoice is made upon authorisation of satisfactory delivery
  7. The contract begins

Find out more about why you should choose leasing

What if I want to sell this type of equipment?

Concentrating on your core activities and outsourcing other responsibilities to the right specialists can improve your offer to your customers and help you sell more, more often.

We have a proven track record of securing vendor finance for equipment re-sellers, vendors & suppliers in many different sectors.

Find out more about selling equipment with Johnson Reed

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Beginner’s Guide to Leasing

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Latest Laundry Case Studies

The 6 most common misconceptions of leasing

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Venturing down the finance route can initially seem a little daunting, typically associated with credit checks, tedious paperwork and onerous conditions. Whilst this may have been your experience with banks and finance houses in the past, this certainly... Continue reading

Secure more sales with Johnson Reed

April 29, 2015 by Darren Pinder

We all know a business needs to make sales to survive; securing a client purchase is key. You can offer them discounts, extra help, free fitting or specific knowledge on the subject but if the buyers cash flow isn't there you will run into issues. But... Continue reading

Johnson Reed helps Clean Inc with finance for dry cleaner

July 4, 2014 by Darren Pinder

Clean Inc. are a Stockport-based, family-run dry cleaning business with an extensive and high-respected reputation across Stockport and Manchester. With three members of the family still involved in the business, including the youngest, Lewis, pictured... Continue reading Read More Laundry Case Studies

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