100% tax efficient
Every payment you make on a leasing agreement is up to 100% tax allowable and can help to reduce your businesses Corporation Tax bill, as long as you are in profit.
Improves cash flow
Leasing allows you to buy equipment that is important to your business and keep valuable cash in your bank that may be used for other projects that are not as tax efficient.
Unsecured borrowing
The equipment being leased is the only security that is normally required. No property is used as security, though Kennet Leasing need Directors' Guarantees for some limited companies.
Fixed rate payments
All payments are fixed for the period of the lease and are onlv affected by changes in VAT and capital allowances.
You can buy any heavy kitchen equipment item costing £1,000 plus VAT or over on a leasing arrangement through Kennet Leasing, our financial partners.
Since Kennet were established in 1990, they have established a strong reputation within the leasing industry and excellent relationships with all of the leading funders, giving them the power to negotiate the very best deal for our customers.
Kennet are capable of providing solutions for proposals where other leasing cannot and have an impressive record of funding proposals which are often seen as tricky, such as new businesses and large or small amounts.
Kennet have a reputation for professional and efficient service.
How leasing compares with cash purchase
Example figures
Outright purchase:£5,000.00
Lease: £26.76 + VAT per week
(paid by monthly direct debits of 115.98)
60 payments (5 years) £6,958.56
Maximum tax relief 40% (£2,783.42)
Cost after tax relief £4,175.14
A saving of £824.86 against the cash purchase price
As you can see by the example above the lease can have considerable advantages as long as you are in profit. Also subject to current business status and equipment type.
Calculate your leasing payments
Leasing your equipment - how to go ahead
If you wish to go ahead and purchase an item from the Ascot Wholesale Ltd. through the leasing option:
1. Make a note of the equipment name and price
2. Click here to download a proposal form (pdf 13 KB)
3. Fax the completed form to Kennet Leasing on 01675 469220
If you have any queries
You can contact Andy Pratt at Kennet by:
- phone on 01675 469228
- email to: andy@kennet-leasing.co.uk
