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Hobart Flexible Payment Plans – Operator FAQ's

12-Month Interest-Free Purchase Plan

Is there a minimum spend for this plan?

£1,000 including VAT.

Can I use the plan to purchase more than one machine? What about accessories?

The plan can include multiple machines, service contract, accessories, installation & non-Hobart equipment (up to 25% of agreement value).

Are there any admin fees?

There are no admin fees. The price your distributor quotes is the price that you will pay. Delivery charges are quoted via your distributor.

What happens if I were to miss a payment?

You would be contacted directly by Hobart Leasing & Finance and are advised that missing/late payments could have severe consequences on your finances and make obtaining credit more difficult.

If I wish to pay my loan off ahead of time will I incur additional charges?

No, you will not incur any additional charges for early settlement.

Can I use this plan on more than one piece of equipment for different locations?

Yes, as long as all sites trade under the same company name (e.g. Lizzie’s Bakeries Ltd).

Will you be completing a credit check? Will this affect my credit rating?

We will complete a credit check but this will not affect your credit rating. The credit check will not affect any existing bank or credit relationships you may have.

Do I own the equipment from first payment?

No, you will own the machine upon the 12th or final payment.

Can I add a Hobart Service contract to my purchase and pay this in instalments at the same time?

Yes.

Is a deposit required?

Yes, a deposit of 1 month (with good credit check) is required to commence the purchase process. You will then have 11 equal monthly payments.

Is there a larger final payment?

No, your payments will be split into equal monthly payments across the length of your contract.

When will my payments start?

Your deposit is paid in advance of your machine delivery/installation. Your monthly payments will only commence after the delivery/installation of your machine is complete.

18- and 24-Month purchase plans

Is there a minimum spend for this plan?

£1,000 including VAT.

Can I use the plan to purchase more than one machine? What about accessories?

The plan can include multiple machines, service contract, accessories, installation & Non-Hobart equipment (up to 25% of agreement value).

Are there any admin fees?

There is an admin fee of £100 for the 18-month plan, and £150 for the 24-month plan. Delivery charges are quoted via the distributor.

What happens if I were to miss a payment?

You would be contacted directly by Hobart Leasing & Finance and are advised that missing/late payments could have severe consequences on your finances and make obtaining credit more difficult.

If I wish to pay my loan off ahead of time will I incur additional charges?

No, you will not incur any additional charges for early settlement.

Will you be completing a credit check? Will this affect my credit rating?

We will complete a credit check but this will not affect your credit rating. The credit check will not affect any existing bank or credit relationships you may have.

Can I use this plan on more than one piece of equipment for different locations?

Yes, as long as all sites trade under the same company name (e.g. Lizzie’s Bakeries Ltd).

Is there a maximum number of pieces of equipment in this plan?

No.

Do I own the equipment from first payment?

No, you will own the machine upon the 18th, 24th or final payment.

Can I add a Hobart Service contract to my purchase and pay this in instalments at the same time?

Yes.

Is a deposit required?

Yes, a deposit of 1 month is required (with good credit check), followed by either 17 or 23 equal monthly payments.

Is there a larger final payment?

No, your payments will be split into equal monthly payments across the length of your contract.

When will my payments start?

Your deposit is paid in advance of your machine delivery/installation. Your monthly payments will only commence after the delivery/installation of your machine is complete.

3- and 5-Year Contract Rental Plans (5-year for public sector only)

Is there a minimum/maximum rental period for this plan?

Rental packages are available from a minimum of 3-years. Flexible terms are available upon request.

Can I use the package to rent more than one machine for different locations?

Yes, as long as all sites trade under the same company name (e.g. Lizzie’s Bakeries Ltd).

What happens if I were to miss a payment?

You would be contacted directly by Hobart Leasing & Finance and are advised that missing/late payments could have severe consequences on your finances and make obtaining credit more difficult.

Can I terminate my contract and settle my agreement early?

You may end your agreement prematurely by giving us at least one month’s written notice, to expire at the end of, or at any time after (but not before), the expiry of the Minimum Period of Lease. You must then immediately return the equipment to us.

Does my rental package include a Hobart Service contract?

You may optionally add a service contract for the duration of your lease. The cost of this can be split interest-free for the duration of your rental package.

Can I use another service provider?

Yes, as long as they are a fully qualified technician.

Will you be completing a credit check? Will this affect my credit rating?

We will complete a credit check but this will not affect your credit rating. The credit check will not affect any existing bank or credit relationships you may have.

Is a deposit required?

There is a deposit of 3 months required (with good credit).

What happens when my contract reaches the end of my agreed hire period?

You will be contacted by Hobart Leasing& Finance and asked whether you wish to renew your contract, pay a minimal final fee for secured indefinite use of the machine, or you can arrange to return your equipment to us.