Many people believe that leasing is an expensive option which is not the case.
This is why even large cash-rich companies are choosing to lease.
This is why even large cash-rich companies are choosing to lease.
Unlike many high street bank facilities or overdrafts that are subject to the change in market conditions, a lease facility with its protected payment and fixed interest rates allows for effective future budgeting.
100% allowable against pre-tax profits!
Because your lease rentals are deducted as a trading expense, they are 100% allowable against pre-tax profits, compare this with a cash purchase that will only allow tax relief on the capital allowances of the equipment.