Contract Furniture Leasing

Leasing available for your contract furniture project from a wide source of business lenders

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Please get in touch to discuss any item of furniture you require for your business. The most convenient way to discuss your enquiry is by using our live chat facility.

CONTACT INFORMATION

50 East 52nd Street
Brooklyn, NY 10022
United States
+1322224332
+4643758533

Do you have questions about how we can help your company? Send us an email and we’ll get in touch shortly.

SPREAD THE COST OF YOUR PROJECT WITH TAX EFFICIENT LEASING

Leasing is probably the most popular method of financing new equipment today. Virtually any item of equipment can be leased from £1,000 upwards. The benefits of leasing with Kennet include:

  • No need to find hefty deposits
  • Tax advantages to leasing
  • Regular lease payments that do not increase, even if interest rates do
  • Settlement of the supplier invoice upon installation/delivery
  • Quick decisions
  • Preserve existing credit lines and overdrafts
  • Get the best equipment for your business, not just the cheapest

Are there tax benefits associated with leasing?

Yes.

Any business wishing to acquire capital equipment should look for the most tax efficient way to purchase.

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.

More details on the Corporation Tax allowance changes effective from April 2012 can be found Here.

Should I pay cash or lease?

You may be able to afford to buy the equipment outright, but before you make this decision you must consider the following:

  • All leasing payments are rental payments and as such are an allowable business expense, therefore if a business is making money the profit can be reduced by the amount of the rentals you pay each year, which in turn reduces your tax bill.
  • Payments are normally the same throughout the lease contract. This means that increases in interest rates do not affect you and your cash budget can be utilised more effectively.
  • Leasing enables you to protect your cash to use for other needs such as new stock, staff training, advertising, new business opportunities and unexpected expenses.

How does a lease work?

A lease agreement is a contract between you, ‘the customer’, and a leasing company. This enables you to have and use a piece of equipment over a period of time on payment of rentals to the leasing company.

With a typical lease agreement, you make a series of regular payments (usually on a monthly basis), thus helping cash flow, as opposed to a large capital outlay for the equipment.

You won’t have a depreciating asset on your books, and can benefit from the tax advantages of paying a lease rental.

Chester Cornell Limited are not licensed or regulated to give financial advice. The information on lease finance contained on this page is for information purposes only. Finance agreements will be between our clients and the finance broker / lender.