What is the difference between lease/purchase and income share?
Lease/purchase is a scheme whereby a regular monthly amount is paid over a predetermined period (usually 3 years). At the end of this period assuming all payments have been made the ownership of the bed passes to the customer. Income share offers the customer the chance to install tanning equipment with little or no upfront payment. When installed, the unit remains the property of the sunbed supplier and any income generated is split between the customer and the supplier.
