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Why Lease ?
Finance Lease
The key feature of Finance or Capital leasing is that Companies have full use of the equipment without all the associated burdens of ownership.
The period of the Lease is normally matched to the useful life expectancy of the equipment and once that term is expired the equipment is returned to the Leasing company.
This type of Lease is flexible enough to allow a Customer to upgrade all or part of the equipment at any time during the lease and for profit making companies there are also valuable tax benefits available.
Low monthly repayments
Leasing not only allows Companies immediate access to the latest equipment but it also means that your monthly payment is fixed throughout the term - whatever happens to interest rates or inflation. Upgrades of equipment can be easily made during the Term, usually without increasing the amount being paid each month or quarter.
Unlike many high street Bank facilities or overdrafts that are subject to the change in market conditions, a lease facility with its protected payment allows for simple and effective future budgeting.
Excellent tax benefits
Finance lease rentals are 100% allowable against pre-tax profits, which means that the total payment can be offset during the Lease Period, with your payments deducted as a trading expense.
In reality it means that the real cost of your Lease is in fact dramatically lower than the payments you make.
In comparison, outright purchase ties up valuable capital, and can affect a Company's development potential, while only offering reduced tax-deductible allowances.
Porthale are able to offer Customers, subject to approval, the facility of leasing Products over a 3 Year period and either paying monthly or quarterly.
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