Trumpf leasing benefits for sub-contract cutting

The company started the leasing programme for its Trumpf machines with a TruLaser 3030 in 2001 using a 60 month operating lease agreement. The upgraded version of this flatbed laser was the TruLaser 3030 with a second lease in the autumn of 2006, and in April 2007 a TruLaser 3530 was installed with a third operating lease. The critical benefit of these upgrades has been Cirrus' ability to increase its cutting speed. The original TruLaser 3030 in 2001 took 98 seconds cutting time, the 2006 TruLaser 3030 reduced this time to 68 seconds and the latest TruLaser 3530 takes only 46 seconds to cut the same component; a 53 per cent reduction in cutting time in six years of technology. For Cirrus, leasing provides the best of all worlds, the latest manufacturing technology, highly reliable machines to underpin company profitability and freedom from the responsibility of disposing of old machines. Trumpf works with the customer's preferred financier or offers its own operating lease package. Cirrus made the choice in favour of an independent finance company but as David Connaway, managing director of Cirrus Laser, warns, "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."