As we value our customers, we’re offering complete funding solutions – as simply and effectively as possible.
Leasing is a method of business finance that allows you to spread the cost of investment in new equipment, usually between 1 and 5 years. Repayments can be made on a monthly or quarterly basis, depending on what suits your business best. A Finance Lease can be arranged for equipment costing as little as £1000.
Preserves Working Capital
A finance lease means that valuable cash can remain in the business and used for continued growth.
With a finance lease the payments remain fixed for the duration of the contract, so you know exactly what and when you’re paying.
Protects Other Lines of Credit
Existing credit lines, such as bank overdrafts, remain intact for when times are a little uncertain.
A flexible finance lease ensures you stay up to date with modern technology.
Benefit from a finance lease which is 100% allowable against pre-tax profits.
LEASE V BUY
By choosing to lease equipment, your business could benefit from tax relief on the profits you earn.
Quick Quote to access our online quoting tool to calculate your monthly payment.
We’ve listed some examples below so you can see what would work best for you.
|Equipment Cost £8250.00|
|Lease Rental||Term 3 years|
|36 monthly payments of £284.63|
|Tax relief @ 21%|
|Year||Monthly Payments||Tax Relief @ 21%|
|1||£284.63 x 12||£717.27|
|2||£284.63 x 12||£717.27|
|3||£284.63 x 12||£717.27|
|Total Tax Relief||£2151.81|
|Year||Capital Allowances||Tax Relief @ 21%|
|1||18% of £8250.00 = £1485.00||£311.85|
|2||18% of £6765.00 = £1217.70||£255.72|
|3||18% of £5547.30 = £998.51||£209.69|
|Total Tax Relief||£777.26|
Notes: For equipment costs and monthly payments assume VAT should be added. The above are examples only and tax relief is based on 21%. Always consult your accountant or financial advisor to see what is best for your business. The lease figures provided on the quoting app are ‘Subject to status and credit approval’
For any questions or queries email us at email@example.com
Get in touch to find out more about our services & products
Fill out the form below and one of our team will be in touch very soon!
SUMMIT CHILLED PROVES 20% CYCLE REDUCTION!
Summit Chilled, the intelligent process temperature control division of Summit Systems, has been selected to supply 18 x Thermoregulators to a Tier 1 Automotive customer.
The customer saw an 11% reduction on their cycle times, as well as large reduction on capital costs, halved footprint and quick payback.