FINANCE & LEASE OPTIONS
Buying and paying for fire protection systems normally requires a significant allocated capital expenditure budget. This can be an obstacle to fulfilling projects and implementing urgently required fire protection.
Equipro is able to supply fire protection systems through lease purchase options to qualifying customers as well as through the conventional capital expenditure process meaning the cost of the system can be spread over time enabling customers to make the decision to purchase much needed fire protection.
Businesses that purchase fire protection systems through lease purchase also benefit from increased tax benefits (see working example below).
Contact us to see how lease purchasing fire protection systems can benefit your business.
Fire System Lease Purchase Info
Preserves Working Capital
A Finance Lease means that valuable cash can remain in the business and used for continued growth.
Protects Other Lines of Credit
Existing credit lines, such as bank overdraft or other facility, remain intact for when times are a little uncertain.
Correct Equipment Now
Why settle for inferior equipment? Spreading the cost over its useful life makes perfect sense and ensures you get what your business needs.
With a ﬁnance lease the payments remain ﬁxed for the duration of the contract so you know exactly what and when you are paying
Beneﬁt from a Finance Lease which is 100% allowable against pre tax proﬁts
Assumptions: Fire System Cost £8250.00
Term 3 years
36 monthly payments of £284.63 Tax relief @ 21%
Example 1. Lease Rental
Year Monthly Payments Tax Relief @ 21%
1 £284.63 x 12 £717.27
2 £284.63 x 12 £717.27
3 £284.63 x 12 £717.27
Total Tax Relief £2151.81
Example 2. Normal Capital Cash Purchase
Year Capital Allowances Tax Relief @ 21%
1 18% of £8250.00 = £1485.00 £311.85
2 18% of £6765.00 = £1217.70 £255.72
3 18% of £5547.30 = £998.51 £209.69
Total Tax Relief £777.26
Notes: Equipment costs and monthly payments assume vat should be added. The above are for example purposes only and tax relief is based on 21%. Always contact your accountant or ﬁnancial advisor to ﬁnd out what is best for your business.
There are many benefits to leasing your fire suppression equipment, especially during uncertain times such as we are currently experiencing in our UK. So, holding on to your capital might not be a bad idea at the moment, and buying your business assets on a lease makes sense. Fire suppression is essential to protect your other business assets, leasing can make protecting your business affordable by offering flexible payment solutions.
According to surveys carried out by the Finance & Leasing Association businesses across the UK, including 95% of FTSE 100 companies, regularly lease equipment. It’s very easy to understand why when considering these benefits:
Budget & Forecast Effectively – Payments are fixed for the duration of the Agreement.
Tax Efficient – All payments are 100% allowable against pre tax profits.
Conserve Cash Flow – Leave valuable working capital in the business.
Protect Other Credit Lines – Leasing equipment will protect any overdraft or other banking facilities.
The Right System – Don’t settle for an inferior system due to affordability! Chose Equipment that Meets Your Requirements
Fast Decisions – Acceptances can be achieved in as little as four hours.
Flexible Underwriting – Facilities available for new start businesses and weak credits.
Ease of upgrade –Easily upgrade if your requirements increase.
In summary, the benefits of leasing speak for themselves. For a free quote on any fire protection equipment you’re looking to obtain, simply contact us using the contact details provided below.
How much can be financed? – Anything from £1,000 + vat upwards
How long can equipment be leased for? – The most common terms are 3 or 5 years, however 1,2 and 4 are also available.
What about the VAT? – The VAT is funded throughout the agreement, so you pay and reclaim the VAT on the monthly payments.
What can be leased? – Any type of capital equipment can be considered.
How are payments made? – All monthly or quarterly payments are taken via Direct Debit.
Is an upfront payment required? – The first payment on most Agreements is taken approximately five to ten days after the equipment is delivered.
Isn’t leasing for companies who can’t afford to pay cash? – No, most accountants and over 80% of Britain’s blue-chip businesses view leasing as the most cost-effective way to acquire capital equipment.
What happens if the goods become obsolete? – Equipment can be upgraded at any time. You would simply sign a new Agreement to incorporate the discounted outstanding balance on existing finance which would then be cancelled.
Equipro is not a lender or credit broker. We have a strategic partnership with a certified and professional accredited finance partner who provides the leasing facility. UK customers only. Please contact us for more information.
Helping Fund British Business