If you are interested in leasing any products on this website please call 01382 755050 and discuss with Richard, who will arrange this for you through our partner CLEAR ASSET. Rates are very good indeed.
CALL US NOW: 01382 755050
Here is why leasing makes sense
CASH PURCHASE v LEASE AGREEMENT
Please find below an example of the most cost effective and tax efficient method of payment for a business looking to purchase a new piece
Cash Purchase 3 year Lease (3 years 3 + 33 @ £111.62)
Equipment price £3000.00 £3000.00
Interest lost from withdrawing money from bank deposit account @ 5% PA over 3 years Interest gained from money in bank deposit account @ 5%
Year one £150.00 Year one £150.00
Year two £157.50 Year two £157.50
Year three £165.38 Year three £165.38
Total Interest Lost £472.88 Total Interest Gained £472.88
Write Down allowance year1 @ 25%= £750.00 x rate of tax @ 40% = £300.00 Finance Agreement = 100% Tax deductable
Write Down allowance year2 @ 25%= £562.50 x rate of tax @ 40% = £225.00 Total payments = £4018.32 (100% tax deduct able)
Write Down allowance year3 @ 25%= £421.88 x rate of tax @ 40% = £168.75 Minus tax allowances @ 40% of £4018.32 = £1607.33.
Total tax allowance £ 693.75 Total tax allowance £1607.33
Total cost £3000.00 Total repayments £4018.32
Minus tax allowances £ 693.75 Minus tax allowances £1607.33
Plus lost interest £ 472.88 Minus interest gained £ 472.88
True cost of paying cash £2779.13 £2779.13 Total cost of finance £1938.11
Finance Lease SAVES you £ 841.02 = WINNER
"What are the benefits of leasing the equipment?
You can update your equipment anytime
With our rental facility you can benefit from the latest equipment today. Plus, at any time you can update or add-on equipment without penalty. Changes can be made through a simple contract revision, often without any increase in the rental.
You can keep your cash in your business
Rental means that your capital is conserved. With our rental facility you can benefit from the lastest equipment under the security of rental payments known also as constant cost. You can use your capital for the core areas of your business and attain higher returns.
You can enjoy Tax Relief on your total rentals
We can provide a lease rental option that helps spread the cost of your new solution over its useful working lifetime. This allows you to relate day to day benefits with the day to day costs: whilst potentially making notable savings over the term of the agreement as the total rentals repayable are 100% tax allowable.