Many businesses already use leasing to finance cars, photocopiers, IT and telecoms equipment because it makes good financial sense. In fact, 98 of the UK’s top 100 companies use leasing, as do many SMEs. However, you may not have realised that leasing your mezzanine floor project is a realistic option to you.
Many businesses, including large corporates, have chosen us to arrange the leasing of their projects; to enable them to budget efficiently and manage their cashflow effectively.
Our leasing package allows you to have the mezzanine floor solution you really want, without having to wait for it!
Benefits of Leasing With Space Industries Ltd
It can be cheaper than paying cash!
If you pay for your mezzanine floor in your building from your cashflow, only a limited percentage is allowable for tax purposes. Because of the ‘intangible’ elements, the Revenue may only allow you to claim capital allowances, against approximately 60% of the project. However, if you lease the works, the repayments are 100% allowance on payments makes leasing the most tax efficient method of refurbishing a building and can work out cheaper than paying cash!
Overcome Budget Limitations
Make the most of your budget by spreading the cost over 2, 3, 4 or 5 years and acquire the solution that meets your needs fully, rather than that which your budget dictates. You can pay monthly, quarterly or annually, from your Revenue Budget, to suit you.
Ease Cashflow and Budget to include Everything
Lease payments are fixed for the period allowing you to budget for one easy monthly or quarterly payment for your total office solution.
Preserve Borrowing Power
Other lines of credit from your bank remain intact for other credit needs. In addition to which, leasing is far more cost effective than bank borrowing as loan payments do not attract 100% allowances.
Be Completely Flexible
You can add to your existing lease at any point during the term. You can either extend the term and keep the payments the same, or simply increase the payments and keep the end date the same.
At the end of the lease period you have two choices
a) Continue to rent the installation at small monthly charge
b) Negotiate ownership of the installation via a third party for a nominal charge
Example Lease Rental Costings
We have pleasure in outlining below indicative monthly lease payments per £100,000 + VAT spent, for budget purposes:
|Lease period:||3 years||5 years|
|Monthly Rentals of:||36 x £3,289.00 + VAT||60 x £2,205.00 + VAT|
- On a lease rental contract VAT is payable at 20% of the rental.
- Subject to formal credit approval.
- Subject to status.
- An administration fee is payable with the first rental.
- The terms set out above are given solely upon the understanding that they do not constitute any part of an offer or a contract, by are merely an invitation to treat.