DJ Equipment Finance: Get the party startedPublished on 23rd November 2018 2018-11-23T12:00:00+00:00 - Last update on 26th November 2018 2018-11-26T11:12:51+00:00
Whether performing at nightclubs, public venues or private receptions, DJs are the life and soul of the party. But if you’re to get the discs spinning and the beats pumping, setting the mood of the night, you need access to the latest state-of-the-art sound mixing equipment available on the market. However, the problem standing in your way might be the cost outlay. But why let that put an end to a good gig? Time to spread out and shake down the expense with DJ Equipment Finance. Offering you access to a range of specialist business finance products, it’s everything you need to drop some heavy beats. So let the bass go and the vibes flow with DJ Equipment Finance.
What is DJ Equipment Finance?
If you’ve been booked to attend an event and blast out some tunes, you need to be certain that you’ve got the equipment to do exactly that. The problem, however, is that this equipment can be very expensive and you may not have the necessary funds available to support an outright purchase. Yet rather than pull out and disappoint your fans, you could take a look at how DJ Equipment Finance could take care of the situation. Giving you the tools necessary to purchase or rent equipment, or even release equity in your existing equipment, you can use it for a wide range of equipment, including:
- Mixing tables
- Sound systems
- Recording systems
- Channel controllers
- Multimedia players
- Drum kits
What does DJ Equipment Finance have to offer?
Although you may have the tunes already planned and the fans waiting, getting the party started without the necessary equipment to hand is a tall order. Yet, rather than pull out or overstretch your finances trying to pay for it all yourself, know that there is another more cost effective way of getting the beats flowing. By applying for DJ Equipment Finance, you could gain access to products such as:
If you lack the necessary funds to purchase DJ equipment outright, there’s no need to worry. With Hire Purchase, you could gain access to state-of-the-art DJ equipment and eventually become its owner, as long as you keep up with your repayment agreement. This product works by having the lender purchase the equipment from a trusted supplier on your behalf. Before you can begin using the equipment, you need to pay the lender what’s known as an Initial Deposit. Subject to negotiation, this is made up of the equipment’s total VAT and an agreed percentage of its purchase price (usually in the region of 10%, but can be more or less). Once this has been paid, you can begin making full use of the equipment in your performances whilst making Fixed Monthly Repayments across an agreed term of up to 5 years, plus interest. And soon as the agreement matures, with all relevant payments resolved, ownership of the asset is transferred over to you.
On the other hand, if you need a specific piece of DJ equipment for only a limited time or it quickly depreciates in value, with newer upgrades being made available often, you could, instead, rent it using a Leasing agreement. Although Leasing agreements usually last up to 5 years, some lenders may offer you an extended term of up to 7 years if the equipment you require is particularly expensive. During this time you’re expected to make Fixed Monthly Rental Payments, which take into account the equipment’s current worth/purchase price and it’s residual value by the time the agreement matures. However, although you’re borrowing the equipment, you’re still responsible for maintenance and setting up a suitable insurance policy.
And when the agreement matures, you can either return the equipment, extend the term or upgrade to another model.
if you already own valuable DJ equipment or any other unencumbered assets (equipment, machinery or vehicles) which aren’t fixed into the structure of any property or premises, you could make use of Asset Refinance. Asset Refinance could enable you to release up to 100% of the equity held within one or more assets you own outright in order to offer you a lump sum. Subject to little or no usage restrictions, Asset Refinance can be used for a wide range of purposes, including supporting the purchase of DJ equipment, but involves temporarily transferring ownership of an asset in your possession as part of the security required. However, providing you keep up with the agreement, you can continue to use the equipment as normal. This type of lending is usually offered on terms lasting up to 5 years, during which time you’re required to make Fixed Monthly Repayments, plus interest. As soon as the agreement has matured, with all relevant repayments met, you regain control of your asset.
Thinking about applying for DJ Equipment Finance?
Whether you’re looking to acquire equipment in response to a booking or provide a permanent platform inside your club, acquiring high-quality DJ equipment you can rely on could be more than your finances can handle. But rather than go it alone, get the beats pounding and the customers roaring with DJ Equipment Finance. All you need to do now is source a suitable finance agreement for your business, which is where we can help.
At Rangewell, we’re an Access to Finance specialist. We have mapped over 400 lenders to offer you an overview of more than 23,000 business finance products. Our services are free to use for business owners and their advisors, and we’ll also guide you through the application process. So if you’re looking for a cost-effective way of acquiring state-of-the-art DJ equipment for your business, apply for DJ Equipment Finance today or find out more with Rangewell.
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