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Leasing
Have you
considered leasing your IT system?
When faced with
obtaining new IT systems we generally find many of our
customers would prefer to buy than to lease but leasing does
have many advantages. We can help here and all equipment
can be included in your Support package plan.
Benefits of
Leasing
What is
Leasing?
Leasing is a financial contract between you, the customer,
and a leasing company. You will be committed to repay a
given number of fixed rentals for the term of the contract,
(for example 36 monthly payments of £100). If the equipment
fails to work, you must not stop paying the rentals as this
breaks your contract with the leasing company. You must
advise the leasing company at once and ask them to resolve
your problem.
The
advantages of leasing
There are six
main benefits that you will enjoy:
During your
lease, your machinery can be changed or modified at any
time without penalty. After eighteen months you will receive
from us an option to upgrade. Small additional items can be
added at any time.
Immediate use
of the equipment without paying the full cost price
assisting cash flow. You will normally only pay one month's
rental following delivery i.e. £82.50 not £1,000 which is
the cash price.
Leasing
is entirely separate from any bank lending or other credit
arrangements you may have. By leasing equipment, your
overdraft or bank loans are free for use in running your
business.
Because
your lease costs are fixed for the duration of the
agreement, you can include each year's rentals in your
annual budget and remove any guesswork.
You will be
able to offset all the lease rentals that you pay in any
year against your taxable profits for that year. Therefore,
you get full tax relief on any leased equipment and this
should reduce your tax bill. This is unlike an outright
purchase or HP type agreement where only writing down
allowances is applicable.
Some leasing
companies will allow you to own your machinery, for a
nominal figures, at the end of the lease term which can have
a significant benefit.
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