Frequently Asked Questions
What is BOSSLease LTO?
Boss Lease LTO is a Lease to Own agreement.
- The seller invoices you or your company directly for the goods.
- BOSSFinance pays the seller for those goods on your behalf.
- You pay BOSSFinance back over the agreed period of time with monthly instalments.
- The instalments are made up of two components. A capital component and an interest component.
- Only the interest component is a tax-deductible expense.
- At the end of the agreed period of the agreement the goods have been paid for and ownership transfers to you.
What is BOSSLease TKS?
BOSSLease TKS is really two products wrapped up into one package.
- The first product is an operating lease.
- Operating leases are favoured by business users because the lease company, in this case BOSSFinance, retains ownership of the equipment throughout the term and payments are tax deductible.
- With a BOSSLease TKS full maintenance is always included in the monthly payment.
- The second product is our Turn Key Solution.
- Turnkey solution is a phrase used to describe an all-encompassing solution provided by one source. A complete solution attending to every facet of the problem, from start to finish, without having to resort to a number of different suppliers.
- In our case, BOSS Finance in partnership with BOSS Security provide a complete service covering consultation, provision of equipment, installation, monitoring, warranties, guaranteed performance, regular servicing, in fact everything to make the solution work for the period of the agreement.
- In essence, turn the key and it works, first time, every time.
- At the end of the term of the operating lease you have the option of
- extending the agreement
- entering into a new agreement with updated equipment
- returning the equipment or
- purchasing the equipment at the current market value after valuation by a registered valuer.
What is BOSSRent FLO?
BOSS Rent FLO is a Finance Lease Option. This is similar to an operating lease
- except that there is no provision for servicing and maintenance or any other ongoing costs.
- You will therefore be responsible for ongoing maintenance and any breakdowns outside normal manufacturers warranties.
- BOSSFinance, retains ownership of the equipment throughout the term and payments are tax deductible
- At the end of the term of the finance lease you have the option of
- extending the agreement
- entering into a new agreement with updated equipment
- returning the equipment or
- purchasing the equipment at the current market value after valuation by a registered valuer.
BOSSGold Cover is designed to take the hassle out of managing your security risk. It ensures your security solution always performs reliably and to the highest of standards, all within a predetermined budget. This is done through a range of services provided by BOSS Security. These services include;
- On going, regular maintenance and servicing.
- Extended warranties on all equipment.
- Monitoring if required.
- Covering of false guard callouts.
- Compliance with insurance, fire and building regulations.
