1 Good for your budget
Spreading the cost creates instant cashflow benefits, and lets you demonstrate ROI from day one.
2 Alternative source of credit
Finance won't affect your other credit lines, so you can stay on the leading edge of technology, and dedicate your existing funding sources to other projects.
3 Total flexibility
Finance can cover hardware, software, training, maintenance and more, in one simple, regular payment.
4 Easy upgrades
You can build in upgrades and migrations, without increasing your payments.
There are three main types of lease;
Operating lease
- Off balance sheet funding
- Customer does not normally own the equipment at end of lease
- Rentals carry VAT and are deductible against profits
Finance lease
- Full invoice amount is financed
- Customer has options to return or continue to use the equipment at end of lease
- Appears on balance sheet, and payments are 100% tax allowable
Hire purchase
- Total payments cover full cost of the equipment, plus interest
- Customer normally owns the equipment upon final payment
- Appears on balance sheet and capital allowances are claimed
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