Leasing - the benefits to you:
There's no Capital Expenditure
Leasing releases capital to be used more profitability in other areas of your business
It's over a fixed term, which allows effective budgeting
The fact that the payments are fixed means that it's a hedge against inflation
You're able to preserve other credit facilities
You can upgrade your furniture and seating at any time, so it's a guard against obsolescence
Lease Rentals are 100% allowable against taxable profits
It allows you to have the office furniture and seating you need - today
Who can benefit from Leasing Office Furniture and Seating?
Any business can benefit from leasing - Sole Traders, Partnerships, Limited Companies, plc's, Charities, Educational Establishments, etc
What is the minimum order value?
£1,000 + VAT
What is the maximum order value?
There is no maximum
What is the length of the lease?
Typically 12 to 36 months, but it can be anything from 1 to 7 years
Is a deposit required?
Yes, but only an initial payment of 1 to 3 months rental
What is the treatment with VAT?
Lease Rental - VAT paid with rentals
Lease Purchase - all VAT payable in advance with first rental
What are the payment patterns?
We can arrange leases on monthly, quarterly or annual profiles
How can I make payments?
Most payments are made by Direct Debit
Can I upgrade the equipment during the term of the lease?
Yes- an upgrade option is available
What happens at the end of the lease?
You can take title of the equipment for a nominal fee, return the equipment or carry on with a peppercorn rental
Leasing can work out more cost effective than paying with cash
By paying for your furniture and the refurbishment of your offices from your cash flow, only a limited percentage is available for tax purposes. This is because the Inland Revenue only allows you to offset 65% of the capital cost against your capital allowances
However, if you opt for Lease Rental, this will allow you to offset the full 100% of repayments against your corporation tax bill. This is the most tax efficient method of paying for your furniture and seating
Inflation Proof
Lease Rental payments are fixed from the outset and are therefore inflation proof, which enables you to precisely calculate, and budget for, your future costs
Subject to Status and satisfactory credit clearance