Leasing
Leasing Example
| Monthly Rentals | |||
|---|---|---|---|
| Facility Amount | 3 Year Agreement | 5 Year Agreement | |
| Single Pod | £8,500.00 | £281.70 | £183.89 |
| Double Pod | £16,000.00 | £530.26 | £346.14 |
| 5x Single Pods | £42,500.00 | £1,408.50 | £919.45 |
| 5x Double Pods | £80,000.00 | £2,651.29 | £1,730.72 |
- All figs are + VAT
- Figures based on interest rates at 1st Feb 2023 and subject to change.
- Assumes client is a limited, profit-making company with healthy financials and has been trading for over 3 years (start up companies can be accommodated)
Points to note:
- Utilising Finance for furniture and fit out project allows a client to retain cash to deploy elsewhere within the business rather use it to purchase assets (fit out and furniture) that depreciate almost immediately.
- The full amount including interest can be deducted from taxable income over the course of the agreement.
- Once live, the interest rates are fixed throughout the duration of the agreement irrespective of increases in the base rate.
- Utilising finance enables clients to secure the project / equipment they want as opposed to the project their cash reserves / budget can at times afford.
- In most cases agreements are unsecured- Finance is approved based on the strength of a client’s balance sheet.
- Our clients range from relatively young Tech start up’s through to barrister’s chambers who’ve been established for decades.
- Transaction sizes range from a few thousand to multiple £million.
- Agreements can’t be called in (should repayments cease the banks could look to reclaim their assets)
- Agreements sit outside existing banking arrangements.
- VAT –paid monthly over the term of the agreement.
- Stage payments and multiple suppliers can also be accommodated if required.