| You are here: | Home |  |
Leasing |
|---|
Leasing
Leasing is a useful tool for any modern business, and can be applied to a wide variety of different products.
What stops more firms from taking advantage of this potential opportunity is that many of them erroneously believe it to be an expensive choice. Actually, it's not: many larger 'cash rich' firms continue to lease, due to its reliability as a financial option.
Unlike modern banking facilities and overdrafts – which can change rapidly as a result of market conditions – leasing offers protected payment and fixed interest rates, meaning that your future budgeting can be far more effective.
At Remark, we can apply for leasing facilities for virtually every type of industry, whether you're a smaller family business or a country-wide Ltd firm. With leasing 100% tax deductible, it's an effective way of both increasing profit as well as acquiring an asset simultaneously.
The total purchase cost (capital and interest included) is offset during the leasing period, and your payments are deducted as a trading expense. Not only this, but the real cost of a lease can actually be lower than the payments you need to make.
If you purchase by cash, the tax relief is allowable only on the capital allowances of the equipment – currently 40% of the cost in the first year and only 25% in any subsequent years. Leasing isn't just for the businesses that can't afford to pay cash anymore, with both larger and smaller companies realizing that it can be a great cost-effective way to keep up with an ever-evolving market.
Oh, and remember that leasing doesn't just have to be hardware based – software is just as eligible for leasing, with multi-user licenses becoming more and more common in the modern markets.
If you want to know more, don't hesitate to get in touch with us.
0800 597 5558
Latest News
News Article 1
11.04.2011 Read
News Article 2
01.04.2011 Read
News Article 3
14.03.2011 Read
