Why lease...?
A Horsebox is classifed as a commercial vehicle.
Leasing is the most popular method of equipment acquisition for sole traders partnerships, local authorities, private limited and public companies’ alike.
No business would dream of paying for an “asset” like an employee three years in advance, so why pay for your horsebox when your business is going to derive the benefits over the next 3 years.
The main Benefits to your business are:
Tax Benefits
When it comes to tax benefits, there is no doubt that you are significantly better off by choosing to lease. When you purchase outright, although you do get some tax relief, it is much less than the allowances you receive on a lease arrangement.
All rental payments are 100% allowable against tax, unlike other methods of acquisition, such as cash purchase for example, where only 25% of the price may be offset against tax in the first year.
Leasing allows you to get what you need now and not what the capital budget will allow.
If you have a capital budget of £50,000 a year for three years, it is only possible for to purchase £50,000 of equipment each year. By leasing through us, you can equip your business with a £200,000 horsebox right now.
Top of the range vehicle with no capital outlay
The very latest horsebox can be obtained without utilising valuable working capital, thereby leaving money available for more profitable use within your business.
Upgradability
Towards the end of the lease you can simply upgrade to a new model and keep your payments the same.
Hedge against inflation
Rental payments are fixed for the full period of the lease. This enables accurate forward budgeting and the luxury of paying for today’s equipment with tomorrow’s devalued money.
Allows Accurate Forward Planning
As the rentals are fixed for the term of the agreement which allows you to budget accurately your outgoings and avoid any unnecessary capital outlay
Preserves existing credit facilities
Bank and other loan arrangements remain intact because leasing preserves existing credit lines.
Why should a business lease?
A horseboxt is not like a rare antique of piece of jewellery which will increase in value over a period of time. Capital equipment devalues quickly over time, therefore the customer would be better served by allowing his money to work for him within his business rather than tie it up in a piece of capital equipment which is going to devalue.
Would a business dream of paying an employee three years salary in advance? No, they would pay for the employee as he works for them. Leasing works in the same way, allowing the customer to pay for the equipment as they use it.
Tailored Repayments
Agreements can be over a period of your choice, between one to seven years and repayments can be made monthly, quarterly, bi-annually or annually, which ever is most convenient for you.
Payments can also be structured to suit individual budgetary requirements, it really is that flexible.
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