What is Leasing?
Leasing is a very popular method of acquiring capital equipment
Instead of cash payment or account, a series of tax efficient rental payment over a fixed period of time are made
Leasing allows for purchases of equipment to a value in excess of immediately available funds
How much can I afford?
For an existing business to acquire £1,000 worth of equipment using a 3 year lease, the monthly cost would be £34.70 (ex VAT)
As a quick guide, for approximately every £8 per week that you can afford, equipment to the value of £1,000 could be acquired
Why consider Leasing?
Increased purchase power. Leasing allows you to use future income to acquire equipment now
A low initial outlay allows you to acquire equipment without having to spend valuable cash reserves
Lease payments are fixed for the duration of the lease so you can plan your budget with confidence
Flexible terms can be arranged to meet specific customer needs
Existing lines of credit can be kept free for other uses
Lease payments are fully allowable against tax
Our finance company will send a VAT schedule to you at the commencement of the lease
The VAT schedule allows you (if you are registered) to reclaim the VAT that you have paid on each monthly rental
Your accountants can offset the monthly net payment against profits before taxation
Please contact us for more information
Tel : 01832 732111
Fax : 01832 732737