Leasing
Why is leasing so popular?
The basic reason is that you don't have to find the money to pay for your equipment upfront thereby conserving your cash.
This is particularly important for start-ups and growing businesses, where the finances are stretched.
Rather than trying to find the money in one lump sum you can pay for the equipment over the whole period that you use it.
Unlike an overdraft there is no possibility of being forced to repay early and, generally, the agreements are set up with a fixed rate of interest so you won't get any nasty shocks if interest rate rise. So cashflow planning is much more reliable.
- Reduced tax liability on profits as lease payments are treated as an operating cost
- Fixed and regular payments collected by Direct Debit
- No upfront costs giving access to the best equipment straight away
- Straight forward budgeting
- Simple documentation to complete
- Fast turnaround in acceptance decisions
