Daikin UK offers flexible financing
UK: Daikin UK has introduced a range of flexible leasing options on its air conditioners and heat pumps.
The finance packages, offered through independent finance company Shire Leasing, is intended to help customers manage their cashflow and spread capital costs.
“One of the biggest barriers to growth for companies within the HVAC industry is cash flow,” said Daikin UK credit control manager Simon Waddington.
“This finance facility reduces the stress and offers tangible benefits to both the installer and the end user. Our installers can now offer upfront and affordable finance for their customer to acquire high-quality HVAC systems.
“All the lease payments are fixed which enables the end user to forecast and budget more accurately, spreading the cost of the capital investment and potentially enjoying the tax relief associated with lease payments,” he added.
An additional benefit is that installers can offer their customers an upgrade facility on their air conditioning equipment at the end of the agreed term.
Daikin UK customers can get an immediate quote by visiting the Shire online system. Once an application for finance is made, applicants may receive a ‘credit clear’ decision from Shire Leasing sometimes in seconds otherwise within four hours. The lease documentation can be signed electronically (e-sign) for convenience and to confirm the finance for the transaction. The finer details of the leasing arrangements can then be managed via the interactive dashboard.
Shire Leasing will send a purchase order for the equipment and installation to the installer, allowing the installer to order the equipment directly from Daikin UK. Once the installation is complete, the installer sends their invoice for Daikin’s equipment and any related labour costs to Shire Leasing who will pay that invoice in full in as little as 24 hours.
Latest news from the world of air conditioning and refrigeration
UK: Industrial refrigeration contractor Stonegrove Refrigeration has appointed Steve Gowing as design and project engineer.
UK: Javac UK, the refrigerant recovery and vacuum pump supplier, has been named as Climate Centers’ Supplier of the Year for the second year running.
UK: Ruskin Air Management has been renamed Swegon Air Management following its acquisition by the Swedish manufacturer Swegon.
SWEDEN: Heat exchanger manufacturer SWEP is to close its manufacturing plant in Tentlingen, Switzerland, moving production to factories in Slovakia and Sweden.
IRAN: German compressor manufacturer Bitzer has established a subsidiary company in Iran.
USA: Seven local residents are reported to be suing Honeywell after a chemical leak at its Geismar, Louisiana, plant in August.
BELGIUM: Daikin Europe’s factory in the Czech Republic has joined the group’s factory in Ostend by becoming certified to the BRE’s responsible sourcing standard.
USA: Parker Hannifin and Daikin were the big winners in a unique competition designed to raise the level of awareness of the HVACR industry both in school and government.