Start with the right tool for the job, without large up-front payments
Advantages
No large upfront payments
• Conserves working capital for use elsewhere
• Preserves your existing credit facilities and overdrafts
• Reduces deposit requirements
Tax deductible
• Claim 100% tax relief on rentals payable
Spread the cost
• Fixed monthly payments over several years can help cashflow• Easy to budget as not affected by interest rate changes
Get the right tool for the job
• Afford the equipment you need, now, without compromise
• Settles the invoice upon installation/delivery
Who
Our finance contacts can quickly provide limited companies with quotations for lease rental or hire purchase.
Note: We do not provide nor advise on finance ourselves, we simply provide contact details of some finance companies we have worked with. You should consult your accountant regarding your specific circumstances.
Get an estimate, online, instantly!
Example: Cash purchase vs leasing
Assumptions
Equipment Cost: £7,500 | Lease Period: 3 Years | Frequency: Monthly | Company’s Tax Rate: 21% | Company always posts a profit |
Cash purchase
Year | Capital Allowance | Tax Relief |
1 | 18% of £7,500 = £1,350 | Less 21% = £283.50 |
2 | 18% of £6,150 = £1,107 | Less 21% = £232.47 |
3 | 18% of £5043 = £907 | Less 21% = £190.47 |
|
Lease rental
Year | Capital Allowance | Tax Relief |
1 | 12 rentals of £256.13 | Less 21% = £645.44 |
2 | 12 rentals of £256.13 | Less 21% = £645.44 |
3 | 12 rentals of £256.13 | Less 21% = £645.44 |
|