about leasing

Proposal form

Leasing is now firmly established and has proven to be the fastest growing method of funding in the UK.In the modern world leasing has become an essential financial product that enables a company to benefit from the utilisation of equipment without ownership. A company would use leasing as a tool by which business equipment is acquired to help either generate profits or minimise running costs. Users of leasing range from large public companies and local authorities, to small privately owned businesses. We have found that the groups listed below prefer Lease finance options to buying: Sole Traders Partnerships Limited Companies Public Sector Companies Professional Practices Schools & Colleges Local Authorities What is a lease? Leasing is a method of funding that keeps money in your business rather than locked into depreciating computer hardware. Instead of paying in full for any product, we can structure regular repayments to meet your cash flow and budgetary requirements over a time frame to suit you. It is a cost effective alternative to paying cash.The key principle is that it is the use of IT equipment in a business which produces benefits, and not ownership. The fundamental principle of leasing is that the customer gets immediate access to an equipment solution whilst spreading the cost & utilising budgets to their maximum potential. Benefits of Leasing Leasing is fundamentally the ability for businesses to have the use of up to date equipment without having to make the capital outlay when purchasing. The points below will give you an idea of the benefits of leasing: IMMEDIATE ACQUISITION OF EQUIPMENT You can acquire the equipment that is needed now, not when the cost meets budgeting requirements. CONSERVES WORKING CAPITAL Capital can be employed for other profitable purposes. Further, because we are supplying an alternative line of credit, existing credit lines remain undisturbed. TAX ADVANTAGES 100% of all rentals can be offset against company profit. PLANNED BUDGETING By structuring the facility for you the payments can be made to match your cash flow. PAYMENT REFLECTS USAGE By spreading the cost of the equipment over the life of the goods, it will reflect its usage and allow for easy replacement when obsolete. BUILT IN FLEXIBILITY Early settlement and upgrade of equipment is available during the lease period. The power of leasing is particularly relevant in today financial climate, if you would like to discuss any of the above points further please do not hesitate to call us. Fast & Flexible Proposals are placed with lenders immediately and you are advised of acceptance usually within one business day. Minimum purchase value is £1000 exclusive of VAT You must have been trading for at least 1 year as a Limited, Partnership or PLC. Payment can be collected monthly or quarterly. Repayments can be spread over 3 years (3+33), 4 years (3+45) & 5 years (3+57) Download our proposal form by clicking here. Print, fill in your details andfax back on 087 0164 0165. Why not try our calculator? Please enter the Equipment Value (net of VAT) £ Lease Period (Years) 1 2 3 4 Monthly Repayment (Net) £ £ £ £ Monthly Repayment (incl. VAT) £ £ £ £ Daily Rate (Net) £ £ £ £ Deposit Advance payment for terms over 1 year - Equivalent to 3 months rental is paid on signing agreement, followed by monthly rentals by Direct Debit, commencing one month later. Advance payment for term of 1 year - Equivalent to 1 month rental is paid on signing agreement, followed by monthly rentals by Direct Debit, commencing one month later. 3 months Deposit (Net) £ £ £ £ 3 months Deposit (incl. VAT) £ £ £ £ Notes All amounts above are indicative only. The exact amount will be confirmed upon receipt of completed proposal form. The above rates are based on business that has been established for at least 3 years. Print this page

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