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Furniture Leasing
The Smart Finance Solution for Your Fit-out Project
Whether you’re planning a small refurbishment or a full refit, you don’t have to use cash or bank facilities to fund your project! Instead of tying up large amounts of capital in buying new furniture and soft furnishings, a smarter alternative could be to lease them. Leasing is a tax-efficient and cost-effective method of achieving your ideal interiors and outside seating areas whilst retaining capital in your business.
Handcrafted in Lytham
1. Increased Use of Alternative Finance
The world of finance is changing; businesses are moving away from traditional methods (bank loans & overdrafts) and increasingly using alternative finance options, including leasing.
2. Maximise Cash Flow – No Large Upfront Payment
Cash is the lifeblood of any business. Leasing means no large up-front payments, so you keep the cash in your business, preserving liquidity and freeing up valuable working capital for use elsewhere.
3. Fixed Payments for Accurate Budgeting
Unlike other methods of finance, payments are fixed for the duration of the lease period, making budgeting more accurate and eliminating unexpected variations such as increases in interest rates.
4. Tax Advantages
If you lease your furniture and fit-out project, the repayments are 100% allowable against taxable profit. As the only method of finance offering these tax savings, leasing is the most tax-efficient method of financing a fit-out. For high tax-paying organisations, it can offer significant savings. In some cases, it can even work out cheaper than paying cash!
5. Existing Bank Credit Lines Unaffected
Leasing leaves your bank credit lines intact and free for other business development or investment purposes.
6. Spread the Payments: Pay for the Asset as You Use It
Spread the cost with regular payments so you pay as you benefit from the asset, not upfront. Terms are available from 2-5 years.
7. Quick Decisions
Securing a lease facility is far quicker than obtaining a bank loan or overdraft extension. For straightforward proposals it can even be done in a matter of hours!
8. Get the Best Solution Now!
Current budgets will dictate the scope of your project, but with flexible payment options to suit your business, leasing allows you to achieve the specification of your choice, so you’re less likely to have to make short-term compromises.
* Financing subject to status.
Smarter Financing for Smarter Spaces
Whether you’re refreshing rooms or planning a full-scale refurbishment, leasing offers a flexible, tax-efficient way to achieve your ideal interiors without putting a strain on your budget. With benefits like fixed monthly payments, preserved capital, and quick approval times, it’s no wonder more businesses are turning to lease finance.
To find out how Plus Finance can help your business, contact Barons today! Our team is ready to guide you through your options and help you create safe, stylish, and affordable environments that look good and perform well.
