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Business Leasing

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Quick Overview

Business Leasing Get the Industrial Embroidery Machinery you want Today

Why should a business lease?
Capital equipment devalues quickly over time, therefore you would be better served by allowing your money to work for you within your business rather than tie it up in a piece of capital equipment which is going to devalue.

Would you dream of paying an employee three years salary in advance? No you would pay the employee as he or she works for you. Lease Rental works in the same way, allowing you to pay for the equipment as you use it.

Don’t forget the Tax Advantage
Anyone who purchases equipment for their business can claim a 21% writing down allowance on a reducing balance basis. Outright purchase however not only ties up your customer’s capital; it also reduces tax deductible allowances. Lease Rental payments are fully tax deductible and the customer can claim the full amount of each year’s Lease Rental payments instead of a tax allowance of only 21%.

Business Leasing

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Product Description

As an example, assuming your customer is paying tax at the rate of 21%

Based on Brother PR650 £4892.77 + VAT Rental Lease Payments

Year 1                                                                                    £2204.04 (183.67 per month)
Year 2                                                                                    £2204.04
Year 3                                                                                    £2204.04
Total                                                                                       £6612.12
Tax Allowance Over the Period                                       (£1324.43)
Effectively Costing (After Tax)                                            £5287.69

The above figures are based on a Brother PR650 and are subject to vat at the current rate.
Rates are worked on a new start business for your personal quotation please contact us. As you can see over 3 years you are able to offset more than twice the tax allowances by using the leasing method.

Please note this tax notification is given without any liability and we suggest for further guidance and advice you contact your professional advisor so as all relevant considerations are accounted for.