Offers and Finance

Option 1 - Pay Cash

"Cash is King" is a well known accountant's phrase and for good reason - using cash gives flexibility. If you're in a position to pay for your machine and poles outright, then there are some useful discounts to be had. For example, if you are an Ionic Loyalty Card holder, you will receive an instant 20% discount on any Ionic machines and poles. If you're not yet a loyalty card holder, you can still benefit from promotions that Ionic offer from time to time, such as 15% discount on machines and poles that is currently available.

Pros

• Good discounts to be had
• Not restricted to certain product offers
• No credit check
• Ionic Loyalty Card can be used for a 20% discount (or other offers)

Cons

• Cash tied up in assets may be better used elsewhere in the business
• Tax relief may be spread over several years

Option 2 - 0% Finance

Ionic are currently offering 0% finance for systems and poles, so how does it work? You simply pay for your machine and/or poles in equal instalments over 1 or 2 years. The only extra you pay is a small title transfer fee (£10 or £25 depending on the amount financed) at the end of the agreement. There's no deposit or any other up-front charges. There's also no upper limit on the amount financed either, so you could get any of Ionic's systems and poles. However, this is an offer, and so cannot be used alongside Ionic's loyalty discount card or other offers, and it does not apply to Pure2o machines.

Pros

• No interest to pay
• No deposit to pay
• No upper limit
• Only a small £10 or £25 fee at the end.

Cons

• Can't be used with the Ionic Loyalty Card or other offers
• Doesn't apply to Pure2o products
• Only for 12 or 24 month finance

Option 3 - Standard Finance

There are two main options usually used to finance the purchase, 'lease rental' and 'hire purchase'. The customer pays a deposit, usually equal to 10% of the package value, and then makes equal payments over 3,4 or 5 years. At the end of the term the machine (and van if that's been financed too) are normally transferred with just a small title transfer fee to pay, but various ownerships options are available. With the lease option, all of the payments made are 100% tax deductible. There is no 'balloon payment' at the end. Pure2o machines may also be financed this way.

Pros

• New van and system can be financed together in a package
• Ionic Loyalty Card can be used for a 20% discount (or other offer)
• Payments may be 100% tax deductible

Cons

• Unlike the 0% option, interest is charged. However, this may be more than offset by using a 20% loyalty discount card or other Ionic offer, such as the 15% discount currently offered.