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January 28, 2010updated 12 Apr 2017 4:27pm

In house operating lease provision benefits Trumpf

Machine tool, medical equipment and laser equipment manufacturer Trumpf is enjoying sales aid success through its in house leasing programme, which recent customers have called preferable to the offerings of dedicated leasing companies.

By Fred Crawley

Medical and laser equipment manufacturer Trumpf is enjoying sales aid success through its in house leasing programme, which recent customers have called preferable to the offerings of dedicated leasing companies.

Trumpf Leasing, a division of the German-headquartered international business Trumpf, provides customers with operating leasing products, or can work with a buyer’s preferred asset finance provider.

In its medical and laser equipment product lines – where technological advance makes old equipment obsolete quickly –  Trumpf sells on the basis of leasing’s ability to replace technology without the need for new capital investment.

One UK laser cutting sub-contractor, Cirrus Laser, has recently signed its third 60 month operating lease with Trumpf, for a machine with a 53 percent shorter cutting time than the cutter installed on the original lease.

David Connaway, Cirrus Laser’s managing director, said that he had chosen to use Trumpf’s in house leasing service since, in his opinion, it provided a better deal than other finance providers.

Connaway commented: “It’s vital to choose a dedicated operating lease contract for a production machine. Be very careful with the small print, most return conditions are unfavourable to the lessee, if in doubt, take advice from a solicitor with contract expertise.”

Fred Crawley

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