Leasing is probably the most popular method of financing new equipment today. Virtually any item of equipment can be leased from one sunbed to a total fit out of new sunbeds from £1000 to several hundred thousand pounds.
We operate with several finance companies to offer the best rates and conditions for our clients. A business wishing to acquire capital equipment has to seek the most tax efficient way when doing this. All lease payments are treated as an allowable business expense and therefore attract tax relief for the full duration of the lease agreement. All payments are made by Direct Debit on the same date each month and at the end of the agreement, the equipment is owned by you.
Nearly every market sector large or small benefits from leasing, from new start business to large established companies. A lease agreement is a contract between you the customer and a leasing company. This enables you to use equipment over a period of time on payment of rentals to the leasing company.
With a typical lease agreement, you make a series of regular payments (usually on a monthly basis), thus helping cash flow, as opposed to a large capital outlay for the equipment.
At the end of the lease term, the equipment is yours, subject to a small final administration charge to transfer the title in the goods to you.