Lease vs Purchase Tax Relief
Lease finance agreements have long been considered a smarter way to invest in assets. One of the main reasons for doing so is the tax relief businesses can receive.
Benefits of Leasing
Have Equipment Now: By making monthly payments, you can obtain the equipment that could benefit your company sooner, rather than waiting and saving to make a large capital outlay.
Quicker Return on Investment: As you are only paying a monthly rental, you benefit a lot sooner from your investment, sometimes within months, not years.
Tailored Agreements: You choose the length of the finance agreement that best suits you and your needs.
Easy Budgeting: Pay monthly instalments, suitable for your business needs.
Great Tax Relief: The lease rental payments you make will lower the amount of corporation tax you pay at the end of your financial year.
Keep Cash Flow Intact: As monthly repayments are being made, instead of a large capital outlay, your cash flow is less impacted and could be used to invest in your other areas of your business or for items that cannot be financed.
Finance Decisions Made in Hours: No need to wait weeks to see if you are accepted for finance, we can tell you within hours and the sooner you can act, the sooner your business benefits.
Simple Agreements: Our finance agreements are simple to complete and can be completed electronically to help you have the equipment you need sooner, not later.
Fees & Important Information
Lease quotations are subject to credit approval and Anti-Money Laundering and Anti-Fraud checks. Equipment value and payments are shown are always exclusive of VAT. Lease Rental is for businesses trading over three years. Corporation tax rate has been assumed and we advise you speak to your accountants for your specific tax rate. We recommend that you seek individual advice regarding the suitability of the products available before you make a selection. All Lease agreements attract a charge of a £150 + VAT Documentation Fee and a £40.00 annual service fee. An asset protection charge may be included if the equipment is not covered under your own policy. We may assign our rights under the agreement to a 3rd party for which we may receive a commission. This does not affect the terms and conditions you sign.
Weekly payments quoted are based on a five year lease hire terms. Finance/Lease hire is subject to credit approval.
Who do I contact to discuss my options?
Give our sales team a call on 01322 666 432 or email direct sales@kentgaragequip.co.uk and someone will be in-touch to go through the options.
