Spread the cost of your purchase
There are generally three finance options for consideration when looking to invest in one of our products to improve your outdoor space:
2. Bank facilities
3. Lease finance
Lease my new outdoor furniture, retractable roof or awning? Yes, really! Most businesses would not think twice about leasing items such as company vehicles or IT, these are well established and trusted methods of finance. The same principles and benefits also apply to leasing an outdoor canopy, umbrella, pagoda or retractable roof system, although most business owners assume it’s not an option due to the nature of the asset.
Leasing is a smart method of finance that allows you to ‘rent’ your project and offset the payments against taxable profit. You can pay over 3, 4 or 5 years to suit your budget and the lease on your building.
Anyone who runs a business can lease, from start-ups or small SME’s to limited companies and PLC’s. Leasing is a very popular method of financing business equipment. It is estimated that 98 out of the UK’s top 100 companies lease capital goods.
Benefits of leasing
· Payments are 100% tax allowable
If you lease your outdoor canopy/roof system, payments are 100% tax allowable which means they can be set against company profit. It is the only way a project can be fully offset and makes leasing the most tax efficient method of financing your office project. It can even work out cheaper than paying cash!
· Fixed payments for accurate budgeting and forecasting
Unlike other methods of finance such as floating rate bank loans and overdrafts, payments are fixed for the duration of the lease period allowing you to budget effectively and with certainty. It also provides you with a hedge against inflation.
· Get the right solution now
By spreading the cost over 3, 4 or 5 years you can acquire the solution that fully meets your needs now, rather than being restricted by your current capital budget.
· Ease cashflow
In most cases we can arrange a lease facility with no deposit, having little impact on your cash flow.
· Preserve borrowing power
Leasing means you preserve your existing bank credit lines, without compromising future working capital, leaving them available for future business development or investment purposes.
Partnership with a specialist leasing company
We work in partnership with Plus Finance Ltd, a company which specialises in arranging finance for customers buying outdoor Awnings, Retractable Roofs and Canopies. They are the UK market leader in this particular arena and their team has over 25 years’ experience working within this market. They will work with you, in conjunction with us, to achieve the most cost effective and tax efficient way of financing a brand outdoor space that will protect you and your customers – whatever the weather!