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Finance Options

Buy Using Finance with The Flash Centre


Buy Now Pay Later

TFC now gives you the option to purchase using a buy-now-pay-later option. This is a 48 month loan which follows a 12 month deferal period. So long as you pay off the balance before the end of the deferal period there will be no interest to pay, just a small £29 settlement fee.

There is no deposit.

During the first 12 months there are no sheduled payments. Around 4 weeks after you receive the goods, the finance company will send you a letter with details of your account, once you have this you can make payments against the loan. During this period, it is possible to pay off the loan, either by way of a lump sum or in smaller amounts. A £29 early settlement fee is payable in respect of repayments within this period. Such repayments may be made to the finance company by cheque, debit card or standing order. Unfortunately it is not possible to set up a direct debit within the deferral period.

Following the deferral period, the finance company will initiate a monthly direct debit payment for the remaining duration of the loan. Interest will be charged at a rate of 29.8% on the outstanding amount (backdated to the first date of the loan). Late payment penalties and early repayment penalties will apply from this point. The finance company will send a reminder letter approximately one month before the deferral period is due to elapse.

Example of Buy Now Pay Later option if balance is settled in full with the 12 month deferral period:

Total Goods Price:£500
Deposit Amount: £0
Loan Amount: £500
Settlement fee of: £29
Total price paid: £529

Example of Buy Now Pay Later option if balance is not settled in full within the 12 month deferral period:

Total Goods Price:£500
Deposit Amount: £0
Term : 48 Months
Nothing to pay for : 12 Months
Loan Amount: £500
Monthly repayment
(will commence after the
deferred 6 month period):
£21.56
APR : 29.8% Representative
Interest Charges : £534.88
Totlal Charge for credit : £534.88
Total Repayable : £1034.88
Loan Period : 59 Months

The Flash Centre and Photolease have worked in partnership for over 25 years.

PhotoLease are the leading specialist finance company in the Photographic Industry and provide flexible options for your business, whether you are a prominent professional, established company or an aspiring photographer.

Photolease have over 30 years’ experience and you will benefit from dealing directly with the funders, not an intermediary.

Why Photolease?

Spread the cost of new equipment with fixed and affordable monthly repayments. Paying for your new equipment on a monthly basis lets you get hold of the latest technology with a minimum initial investment. Leasing is recognised by businesses, big and small, as the most effective way of funding purchases. Here are some of the reasons why:

    THE ADVANTAGES OF LEASING
  • Banking facilities left available for special projects and unforeseen expenses.
  • Small initial outlay usually amounting to just one month’s rental.
  • Payment can be spread over a period of one to four years dependent upon value and type of equipment.
  • A single payment at the end of the lease guarantees retention of the asset for the remainder of its working life.
  • If you want to sell the equipment after the lease has ended you will receive the sale proceeds.
  • Rentals are fully tax deductible.
  • Cash flow is protected and the asset earns revenue in payment of the lease.
  • No need to be VAT registered.

Frequently Asked Questions

    What happens at the end of the lease?
    Photolease will extend the agreement indefinitely on payment of a single further monthly rental. After that you can keep the equipment and will never have to pay any more.
    Isn't leasing just for companies who can't afford the cash?
    No. Companies who lease do so because they know that there are better uses for their spare funds.
    Is leasing only relevant for large acquisitions?
    No. Transactions of all sizes are completed using lease agreements. You can lease equipment worth as little as £1000.
    Do I have to insure the equipment?
    Yes. It is your responsibility to keep the equipment insured for all risks for the term of the agreement.
    What happens if the equipment becomes faulty?
    You have the protection of the manufacturers and/or suppliers warranty. Responsibility for repairs out of warranty are yours.
    What about VAT?
    Rentals attract VAT. This can be reclaimed if you are VAT registered.
    What can be included in the agreement?
    Leasing enables the whole solution to be financed. This can include hardware, software, installation, training and warranties.
    Can the equipment be upgraded?
    Yes. The equipment can be upgraded during the course of the agreement. Speak to us for further details.
    Is there a penalty for settling early?
    No. If you clear the account before it has run its full term then there is a reduction in the full amount payable.
    Can I pay a deposit to lower my monthly outlay?
    Yes. However you would need to contact Photolease for the correct figures based on your deposit amount.
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Welcome to The Flash Centre
We are a family business and have been the UK’s leading Studio Lighting Specialists for over twenty-five years. Dedicated to helping you with all your lighting and digital imaging needs, TFC staff have a wealth of experience in the various fields that make up our industry. We will always do our best to help and offer the best advice we can.
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