Leasing

Finance Lease is one a popular service and the most popular way for UK businesses to spread the cost of acquiring new equipment. A Finance Lease can be arranged for equipment costing as little as £1000 and has no upper limit. It is a great way for businesses to ensure they get the correct equipment as opposed to a cheaper inferior product.

Preserves Working Capital
A Finance Lease means that valuable cash can remain in the business and used for continued growth.

Budget Control
With a finance lease the payments remain fixed for the duration of the contract so you know exactly what and when you are paying.

Protects Other Lines of Credit
Existing credit lines, such as bank overdraft or other facility, remain intact for when times are a little uncertain.

Correct Equipment Now
Why settle for inferior equipment? Spreading the cost over its useful life makes perfect sense and ensures you get what your business needs.

Upgrading
A flexible Finance Lease ensures you stay ahead with advancement in technology.

Tax Efficient
Benefit from a Finance Lease which is 100% allowable against pre tax profits.


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Lease V Buy

By leasing equipment your business could benefit from tax relief on the profits you earn.

Tax relief is also available for cash purchases, so have a look at the examples below to see what is best for you:

Assumptions:

Equipment Cost £8250.00

 

 

Term 3 years

 

 

36 monthly payments of £284.63

 

 

Tax relief @ 21%

 

Lease Rental

 

 

Year 

Monthly Payments

Tax Relief @ 21%

1

£284.63 x 12

 £717.27

2

£284.63 x 12

 £717.27

3

£284.63 x 12

£717.27

 

Total Tax Relief

£2151.81

Paying Cash

 

 

Year

Capital Allowances

Tax Relief @ 21%

1

18% of £8250.00 = £1485.00

£311.85

2

18% of £6765.00 = £1217.70

£255.72

3

18% of £5547.30 = £998.51

£209.69

 

Total Tax Relief

£777.26

Notes: Equipment costs and monthly payments assume VAT should be added. The above are for example purposes only and tax relief is based on 21%. Always consult your accountant or financial advisor to see what is best for your business.

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