Finance Lease is often preferred by many businesses, as it avoids having to pay the Vat up front on an equipment or vehicle purchase. Whilst your business will not legally own the asset throughout the duration of the lease, the tax advantages involved can sometimes outweigh the desire to have immediate ownership.
The benefits:-
- Low deposit – again, similar to HP it doesn't tie up personal or business assets
- Control - you decide the deposit, you decide the term
- Fixed monthly payment - makes budgeting simple
- Tax benefits - tax allowances for business users
You don’t have to find 20% VAT up front, as vat is charged on the monthly rental amount instead - could this be better for your business? You may also be able to claim capital allowances and offset repayment interest against profits.
We have the knowledge and experience t o advise you on all the intricacies of finance leasing and will provide suitable options based on your individual business requirements. From Birmingham, Crewe and Stoke on Trent, to Liverpool, North Wales and Chester we serve the whole of the UK regardless of the type or size of your business.
