Did you know that you could spread the cost of your Roofing project by paying monthly rather than in one lump sum? For example, an project valued at £50,000 could cost you as little as £1070 per month* on a lease arrangement.
We can offer a roofing solution to suit your budget.
*subject to underwriting
Leasing is probably the most popular method of financing new equipment today. Virtually anything for the business can be leased from £2,000 to several hundred thousand pounds. Leasing has many benefits to your business, including:
You may be able to afford to buy the equipment outright, but before you make this decision you must consider the following:
No. Your monthly payment is fixed at the start of the lease and so are unaffected by interest rate rises. This enables you to budget your cash flow more accurately. As inflation rises, because your payments are fixed, the cost of the equipment reduces in real terms.
Yes. Any business wishing to acquire capital equipment should seek the most tax efficient way when doing this. All lease payments are treated as an allowable business expense and therefore attract tax relief for the full duration of the lease agreement. Your accountant will be able to confirm this and give you a breakdown of the cost savings.
Payments are normally made on the same date each month or quarter. This allows you to budget effectively.
Using your bank for all your business funding is not a good practice. If you use all your overdraft facilities you leave yourself in a vulnerable position to react to any unexpected needs of short-term borrowing. Your bank may change the interest rate mid-way through a loan or reduce your overdraft facilities, which can dramatically affect the cash flow of your business. Sometimes banks will limit the amount they will lend you without further security such as taking a charge on your home. It is not financially prudent to have all your eggs in one basket.
Not usually. This is subject to credit status.
Nearly every market sector large or small benefits from leasing, from new start business to large established companies.
A lease agreement is a contract between you – ‘the customer’ and a leasing company. This enables you to use equipment over a period of time on payment of “rentals” to the leasing company. The leasing company effectively “pays” for the equipment from the supplier for you, meaning the supplier gets 100% of the invoice value.
With leasing, you can have the best roofing solution for your business – not the cheapest – thanks to spreading the cost. Reap the various benefits of having your roof upgraded with no capital outlay.
