Finance & Lease Hire

IroningSupplies.com have partnered with finance provider, Tower Leasing Ltd, to provide you with the option to finance or lease equipment that your business needs.

By choosing to lease or pay on finance, you will enjoy some fantastic benefits:

  • Keep cash flow within the business.
  • Get the equipment you want when you need it, not just when budgets allow.
  • Enjoy 100% tax relief rentals payable.
  • Pay monthly or quarterly payments over a chosen period of time rather than handing over one large lump sum.
  • Keep up with the latest technology & solutions by upgrading the equipment at any time throughout the lease period.
  • Structure your lease payments to suit your budgetary needs and allowances.
  • Protect your existing credit lines by using leasing as an alternative funding facility.

> Get an instant Finance Quote with our finance calculator here

 

How does leasing compare to cash purchase?

Lease vs Buy Example

Assumptions

Equipment Cost: £8,000

Lease Period: 3 Years

Frequency: Monthly

Company’s Tax Rate: 21%

 

Cash Purchase...

Year

Capital Allowance

Tax Relief

1

18% of £8,000 = £1,440.00

Less 21% = £302.40

2

18% of £6,560 = £1,180.80

Less 21% = £247.97

3

18% of £5379.20 = £968.26

Less 21% = £203.33

 Total tax relief:       £753.70

 

Lease Rental...

Year

Capital Allowance

Tax Relief

1

12 rentals of £273.20

Less 21% = £655.68

2

12 rentals of £273.20

Less 21% = £655.68

3

12 rentals of £273.20

Less 21% = £655.68

 Total tax relief:  £1,967.04

 

Company A has chosen to lease its equipment and has gained £1,213.34 in tax relief.

 

> Try our finance calculator here

 

A bit about Tower

Tower Leasing Ltd has been operating in the asset finance industry for over 27 years. Throughout this time the organisation has built many strong relationships with equipment suppliers and businesses in need of equipment across the UK. Tower takes care of the entire lease process to ensure suppliers and customers enjoy a simple and quick leasing experience. Along with strong connections with 20+ financial institutions Tower has access to its own book funds making clearing customers for finance a simple process. IroningSupplies.com will be working alongside Tower to provide you with an investment solution which will benefit your business greatly.

Want to know more?

Call us on 0203 151 9850 for a chat about your requirements.