In the words of John Paul Getty "I buy appreciating assets, I rent depreciating assets"
There's no need pay up-front for assets that typically only provide a return on your investment over time and depreciate throughout?
Here are Cotefield Interiors top 10 reasons why so many organisations like yours are using leasing as an alternative to tying up cash for their capital expenditure.
- Significant tax benefits – For private organisations payments are fully tax deductable unlike using cash.
- Low, fixed payments allow easy budgeting throughout the term.
- Spread the cost of your purchases in line with the return on the investment.
- Make your capital work for you – Rather than sinking valuable cash into depreciating assets, deploy it elsewhere for higher returns.
- Leasing is totally flexible, a lease allows you to determine the term, how frequently you pay and can be upgraded or changed throughout.
- Manage obsolescence and refresh assets strategically rather than face unbudgeted large write offs.
- Make investment decisions based upon your needs and not limited by constrained budgets.
- Reduce dependency on your primary funder(s) - Your existing credit lines remain unaffected.
- Spread the cost of the VAT which is paid in instalments rather than as a lump sum up-front
(excluding Hire/Lease Purchase agreements)
- Turnkey funding – Build all your costs into the lease to maximise your benefits even further
Whether you're considering a major refurbishment, a small fit out or even replacing your office furniture why not talk to Cotefield Interiors about the option to lease?
In the long run it could be more cost effective for you as fundamentally, leasing allows you to spread the cost of depreciating assets over time and match more evenly the costs to the return on that investment.
In addition you may also be able to enhance your benefits by offsetting your lease payments against tax which, subject to your tax position, could be a significant saving compared to paying cash.
