Equipment Leasing makes good commercial sense for
most companies; most leases are taken over three or
five year periods and are
generally paid quarterly by Direct Debit. All types of equipment can be leased
ranging from
computers to industrial plant, even the likes of software and cabling
can also be financed.
The main benefit of Equipment Leasing is that it makes acquisition more affordable
by spreading the cost over the
useful life of the equipment. Leasing enables
companies to retain their capital for more profitable use elsewhere and
to protect
their bank facilities. Leasing rentals, which are fully tax allowable are normally
fixed for the duration of the
agreement thereby helping with forward budgeting.
The most common type of Equipment Leasing is the ‘finance lease’ where the
customer pays for the use of the equipment
over an agreed term. In addition
to Lease Rental is Lease Purchase which gives the customer ownership at the
end of the
term and the benefit of any capital allowances together with tax
relief on interest paid. Operating leases are also available
on some types of
equipment and business or commercial loans are a further useful funding method.
System Rentals have specialised in providing equipment leasing to companies of all sizes since 1987.
Leasing at System Rentals Ltd.