Leasing allows you to purchase the equipment, start making money from it and pay a weekly fee
No matter what the size of your organisation, cash flow is something every business needs to manage.Leasing allows you to keep your cash in the bank to use for more urgent, day to day purchases. You may have been wanting to buy that piece of equipment that will help bring in that extra bit of business but your finances won’t stretch to it. Leasing allows you to purchase the equipment, start making money from it and pay a weekly fee. It allows you to finance the equipment you just can’t afford in one go, meaning you don’t have to turn down the business because you don’t have the right equipment.
A lease agreement is a contract between the customer (Lessee) and a bank (Lessor). The customer agrees to rent the equipment over a set period until all payments are made.
Here at aide automotive we offer a leasing option on all purchases over £1,000, towards either one single product or a combination of products. All lease payments are classed as rentals so are an allowable business expense. In other words lease payments can be offset 100% against taxable profits reducing the tax you pay and saving you money. For example if you make an annual profit of £100,000, but in the same year made lease payments of £5,000 – you would only be taxed on £95,000 of their profits, saving your business money! Therefore it’s cheaper to lease than to pay in one go!
The payments you make on a lease could be weekly or monthly so for example if you purchased a BrakeCheck, ISOCheck, ABS Tester and TrailerCheck the total cost would be £1,573.00
However if you leased these products from aide automotive you could spread the cost with weekly amounts you’d pay back would be
Over 3 years – £12.89 per week
Over 5 years – £8.53 per week
For more information on leasing as a payment option please call our sales team on 0115 845 6471