Moore Interior Wales ltd is now linked with a leading UK finance company and offers competitive leasing options.
Our finance agreements are not secured against anything but the asset itself. Our finance facility is agreed without the need for a charge / debenture against any freehold property & is not classed as a debt against the business.
- Fixed rate borrowing
Leasing also offers simplified cash flow management. Our payments are fixed, making cash flow management more predictable & easier than a variable rate loan. The fixed interest rate of a lease also helps if interest rates rise. It is our opinion that the upward pressure of money costs make fixed rate borrowing the most prudent way to borrow money.
- Tax advantages
Leasing allows you to deduct the monthly payments from your taxable income because finance leases are viewed as operating expenses. Lease payments appear on the profit & loss sheet as a cost to the business in the same way as wages/ rates & are 100% deductible against tax. Lease payments replace the charge for depreciation in the business accounts which is not allowable for tax relief. This means that subject to the customer paying 21% tax on their gross profit they will save 21% on every rental that they make.
- Credit lines / Cash Flow
Leasing gives you access to the asset with minimal up-front payments & spread the cost over time. The customer pays for the asset with the income it generates whilst minimizing the drain on working capital. In addition to saving working capital by ensuring a big cash outlay is not required, our finance agreements preserve your other credit lines, (such as additional bank loans etc). This allows you to keep other lines of funding open to the customer.
Instant Tax Relief. Unlike when you pay cash, a minimum of 21% tax relief (depending on your individual business tax rate) is available on every payment – reducing your costs further.
Based on: £25,000.00
3 year Fixed Term Lease
Weekly cost: £192.53
35 Monthly Payments: £834.25
1 Initial Rentals: £834.25
Total Cost: £30,033.00
Less Tax Relief: £6,306.93.00
(assuming 21% tax relief and depreciation policy in line with lease term)
Net Cost : £23,726.07
(All prices exclude VAT. £130 + VAT Documentation fee)
Simply and Cost Effective C-Store Financing
What Sort of Companies Acquire Equipment on Lease Financing:-
94% of the Time Top 100 UK companies
9 of the Top 10 Firms of Chartered Accountants
90% of Local Authorities in England and Wales*
*(Source: UK Capital Expenditure Statistical Office)