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What Is Leasing
Leasing is a method of funding which keeps money in your business rather than tied up in depreciating assets, with regular repayments to meet your cash flow and budgetary requirements over a time frame to suit you. It's a cost effective alternative to paying cash.
The key principle is that its the use of equipment in a business which produces benefits, and not ownership. Leasing delivers that use, with the flexibility to structure payments that maximise customer returns over the life of the agreement.
For customers liable to UK taxation, the ability to set payments against taxable profits may improve tax efficiency.
How Does Leasing Work
The fundamental principle of leasing is that the customer gets immediate access to the equipment whilst spreading the cost.
Once equipment is decided upon, an agreement is drawn up between you and the funder under which you have use of the equipment in return for regular payments over an agreed period of time. At the end of the agreement, you may have the option of return the item, replacing it, or extending the agreement further.
Why Lease
Because you can get more technology for less of your budget by leasing.
Leasing allows you to spread your acquisition costs over a rental period of 3 or 5 years without the need for large up-front capital investments or the worries of technology ownership. Leased items are classed as "off balance sheet". Leasing provides improved cash flow and releases your capital for growth and development opportunities.
Make Your Money Go Further
. No large capital outlays
. Cost spread over rental term
. Regular fixed rental payments
. Protection of existing credit lines
. Potential tax and accounting advantages
Keep Your Options Open For Tomorrow
. No risk of technology obsolescence
. Upgrade opportunities
. Technlogical flexibility
. Competitive edge preserved
Frequently Asked Questions Regarding Leasing
What exactly is a Finance Rental or Lease Agreement?
It is a hire agreement between you and the funder for equipment that you have chosen through Control Z Computers Ltd. Control Z Computers Ltd provides you with the equipment, The funder pays your invoice and you pay The funder regular rental payments for its use over an agreed period, known on most agreements as the minimum period.
How long will the Agreement be?
The minimum period of the agreement should be no longer than the expected useful life of the equipment you are hiring. Other than that you can decide what period best suits you and your budget.
How frequently do you require payments?
Most people make quarterly payments, but generally you can pay monthly, quarterly, half-yearly or annually. For major installations you can even structure payments specifically to meet your cash flow needs.
Can I change the payment frequency, once the Agreement has been signed?
Under some circumstances, it is possible to alter payment frequency, though there would be a fee associated with this request and possibly some financial penalty involved in making the change.
When are my payments due?
The first payment is normally due on the 1st day of the first month after you receive your copy of the Agreement. Direct Debits will be replaced on the 1st of the month. Invoices, payable on the 1st, will usually be sent out three weeks in advance.
What is the method of payment?
Normally payment is by Direct Debit, but in most cases we can arrange payment by invoice at a small additional cost.
Call Us For More Information
01780 756353
info@control-z-computers.com
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