Buy Cheap, Buy Twice:
How Leasing Finance Can Help You Purchase Quality
Your business may be looking to upgrade existing assets, purchase new equipment to increase productivity or even planning on giving your existing workplace a makeover; whatever your plans, leasing finance could be a great way to achieve the quality you want whilst retaining capital.
One excellent benefit of leasing is that you’re able to purchase high quality even if it is slightly more expensive. However, as you’re going to pay for it in monthly instalments, it will give you a healthier cash flow and as they say, buy cheap and buy twice!
One of the main benefits of an operating lease is that instead of appearing as an asset on the balance sheet, the monthly rental payments can be offset again profit, generating a healthy tax saving.
What can furniture leasing finance be used for?
Furniture leasing finance can be used for property developers and investors with HMOs, Serviced Accommodation, Buy to Let Property, Office Spaces and even Holiday Homes.
Furniture leasing allows you to make affordable monthly payments, take advantage of tax benefits all whilst retaining capital that you could use to invest into your business further.
For example, if you acquire over 10 properties that require furnishing with an average cost of approximately £6,000 per house or need to furnish a brand new office for your team (desks, chairs, filing cabinets, lockers, draws etc) costing £60,000.
Using lease finance, you can split the costs down into affordable monthly payments over 36 months at an annual interest rate of 1.36% which roughly works out at £2,141.57 (£215 per property if you acquired 10 properties).
Client Photo: Parkhurst Properties – Furniture Leasing Client
Can Lease Finance be used on Heavy Machinery and Equipment?
One of the most popular uses for leasing finance is for Heavy Machinery and Equipment. As you don’t need to buy for it all upfront gives businesses the option to purchase higher specs or buy multiple pieces of machinery and equipment. Either way, it will be improving a business’ productivity.
What about IT Equipment, can Lease Finance be used?
Leasing can be used for Computer hardware (monitors, keyboards, mouse, graphic cards, data storage), laptops, tablets, mobile phones, computer software, CRM systems, office telephones, printers, photocopiers, headsets and EPOS systems.
With everything that you may need to run your office or equipment that your team will need, there will be no excuses to not getting the job done!
But how can I keep all this new equipment safe?
With all this new machinery and equipment, putting security in place may be your next thought. The good news is that security equipment can also be brought with leasing finance. Allowing you to have the latest technology to ensure that your business premises, equipment and employees stay safe and if there is anything were to happen, you have the right equipment in the place.
What type of security equipment can be financed?
- Alarm systems
- Access control
- Smoke detectors
- Intruder alarm systems
- Security fencing
- Number plate recognition systems
If you’re looking to find out more about leasing finance for your business, don’t hesitate to touch with our team. As a broker, we can arrange a full suite of finance solutions such as hire purchases, bridging loans, business loans and more! Call the team on 01270 443510 or complete our contact form and we’ll get in touch with you shortly.