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BEST4SYSTEMS
Leasing your Equipment
For many businesses the cost of buying new and replacement IT equipment for their offices and staff can be prohibitive. This, in its own right, can be detrimental to the business as a whole. In order to work effectively and to the best of our abilities, we need to most up to date tools and technology. It’s a fact that most PLC’s use leasing in some form.
Over the pandemic period many employees were hastily equipped to work from home. For this to remain effective, the legacy equipment bought in the rush of March 2020 will need to be updated, to provide a long term equitable solution that ensures staff are well equipped to be the best they can, and also feel fully supported by the business. The prospect of paying for these improvements, upgrades and enhancements in a single payment could potentially deter businesses from purchasing, when in fact, it is the exact time when they should be investing in such infrastructure. Leasing can dissipate all those concerns.
Initial Expenditure
The risk to the working capital and cash flow in the business is minimised by spreading the payments over a fixed time period. The pain of the initial investment need never be felt. Preserve existing Credit facilities – save the bank loans and overdrafts for more appropriate uses.
Budget
Cash Flow – OPEx rather than CAPEx, spreading payments; knowing your monthly spending for forecasts; all these contribute to greater financial flexibility and stability. Having a fixed repayment, in a fixed time period, over a fixed numbers of months makes forecasting and allocating budgets far easier, and much more cash friendly.
Remove Barriers To Improvement
If the business needs to upgrade and improve equipment, software and infrastructure to get the best out of their staff, they can. Leasing makes this affordable.
Tax
Tax Benefits – Lease payments can be 100% tax deductible against profits (ask your accountant for more details). In theory, with these factors considered, the overall cost of the improvements can be less than the outright purchase!
Simplicity
As long as the pre-requisite credit checks are passed, the paperwork is simple and efficient. Lease agreements tend to be much easier to get in place than bank loans. More than 65% of all leases we process are accepted.
Latest
By spreading the cost of paying for your IT equipment you can ensure that your business is equipped with the very best and latest products. It is even possible to upgrade during the term of your lease.
Best4Systems partner with Shire Leasing who are very well known and established in this field. We will take you through the process and help you with any questions or obstacles you may incur.
Furnished with this information you are now ready to start saving money, and getting the best equipment to get the ultimate competitive advantage for your business.