Leasing |
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Innovative Networked Site Security provide funding packages to suit all of our clients needs from out right purchase, lease purchase, Lease hire to short term hire.
As a guide written below are the key budgetary and taxation implications of purchasing a Innovative Networked Site Security installation. |
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Lease Hire |
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The advantages of lease hire are as follows:- |
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No deposit is required before work commences. |
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No lump sum Capital Expenditure when the install is complete. |
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The correct system is more achievable/affordable because the operational requirement can be more of a priority than the capital available. |
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With certain contracts maintenance of the equipment can be included with the contract offering an all encompassing package for up to 6 years |
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Most importantly, the rentals are instantly fully tax deductible, something not enjoyed if the system is purchased! |
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At the end of the lease hire agreement, the user may be after ownership of the system at a nominal cost. |
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Lease Purchase |
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As previously stated the end of a Lease "rental" term, the client does not own the equipment. If the client wishes to have ownership of the equipment after the Lease contract period, the contract is then deemed to be a Lease Purchase.
The differences between lease hire and Lease Purchase are as follows: |
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Lease Purchase agreements require payment of the total VAT amount in full with the first payment. |
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Lease Purchase agreement payments are generally around 3% higher than the equivalent Lease hire payments. |
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Ownership of the equipment is transferred to the client for a small fee at the end of the contract term |
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Only the interest element of the loan is tax deductible |
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Leasing with Corporate Credit |
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Advantage for the Customer 100% financing Fixed terms and payments |
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Conserves capital Full use without ownership |
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100% Tax efficient |
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Creates new credit source |
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Flexible terms |
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Easy add-on/trade up |
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Hedge against inflation |
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Obsolescence protection |
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Higher lines of credit can be established |
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Types of Leases Available |
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Programs Business, LEA and Government leases are available. |
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Terms 36 months. (12, 24, 48 and 60 months available on request) |
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For a competitive finance quotation please contact us. |
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