Use this table to calculate the buy back figure of all plant purchased in category "B"
Period of plant ownership
(weeks) | Plant use (hours) | Useage Charge | | Minimum Period 8 weeks | Minimum 280 hours | £1200.00 | | 8 to 12 weeks | 281 - 420 hours | £130/wk or 35 hours | | 12 to 25 weeks | 421 - 875 hours | £110/wk or 35 hours |
Calculated per complete week or multiples of 35hrs which is ever the greater.
Example 1.
Machine is kept for 9 weeks and is used for 314 hrs & was purchased for 6900.00 +VAT. Buy back price is 6900.00 - (1200 + 130) = 5570 + VAT
Equivalent to 21.11/day + VAT.
Example 2.
Machine is kept for 9 weeks but is used for 330 hrs & was purchased for 6900.00 + VAT. Buy back price is 6900.00 – (1200 +260) = 5440.00 + VAT
Equivalent to 23.17/day + VAT.
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