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Ask us about how to lease your purchases today ! Why should you use leasing to buy your hardware from Toughnrugged?
Take a look at these 6 fundamental reasons.
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1. Arranging finance through us at the outset will give you the purchasing power of a cash buyer.
2. Leasing is a means to pay for any capital purchase with low monthly rentals, which means you can budget and manage your cash flow in a more cost efficient manner.
3. It is a way of managing obsolescence without writing off large single sums.
4. Leasing allows you to invest your money in other areas where you will get a higher return on capital employed.
5. It is the route to bridging the gap between what you need and actually can afford. It means you can have tomorrow’s technology today.
6. Rentals are fully allowable against taxable income. These are just a few of the reasons why 8 out of 10 accounting firms use leasing and why 85% of the Times Top 100 companies use leasing.
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Why Lease? Tax Benefit Illustration
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For a lot of profitable companies claiming tax relief on purchased assets can be protracted over a number of years. However, when leasing the same equipment 100% of the rentals are offset against tax bills every year.
Example:
A company is looking to purchase new equipment for its business. The VAR has offered them two options, either to buy the equipment outright or to utilise a lease option.
Assumptions: Equipment Price: £10,000.00 - Lease Period: 3 Years - Frequency: Monthly - Company s Tax Rate: 28%
Cash Purchase
Tax relief may be claimed on the available capital allowances.
Year Capital Allowance Tax Relief
1 25% of £10,000 = £2,500.00 Less 28% = £700.00
2 25% of £7,500 = £1,875.00 Less 28% = £525.00
3 25% of £5,625 = £1,406.25 Less 28% = £393.75
Total tax relief: £1618.75
Lease Rental
Tax relief is available on all rentals.
Year Rentals Paid Tax Relief
1 12 rentals of £318.00 Less 28% = £1068.48
2 12 rentals of £318.00 Less 28% = £1068.48
3 12 rentals of £318.00 Less 28% = £1068.48
Total tax relief: £3205.44
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Almost £1,600 extra tax relief is gained through using a lease plan
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These figures are an illustration only; we would recommend that you seek your own professional advice.
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Spread the cost and save on tax
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 Call or Mail us today to apply !
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