For corporate clients we offer furniture leasing. This is more economical than furniture rental and the great thing is you not only get to keep the furniture at the end of lease, it’s also tax deductable.
You may be wondering why leasing would work for you, here are the top three reason why our customers have chosen to use leasing as an alternative to renting.
You don't need to part with your cash upfront. We can help you lease over 3 years from the revenue your project generates.
Rather than capital expenditure, a lease allows you to claim every monthly payment as a revenue expense to your business before your tax is calculated on profit.
We are always driven by price, therefore without the worry of finding the capital upfront you can choose what you want, be it bespoke from our vast range of furniture, rather than a selected range of furniture from a furniture rental company.
Outlined below is a brief summary of potential monthly payments for £5000 furniture pack over a three-year period.
|Purchase value||Approximate monthly payment amount (Exc VAT)|
|More than 3 years trading accounts||Less than 3 years trading accounts|
|Total lease finance cost over 3-year term|
|Total interest paid||£1,425||£1,995|
|Corporation tax relief @ 19%||£1,221||£1,329|
|Net cost of finance||£204||£666|
|Net annual interest||1.37%||4.4%|