Lease Finance

If you have to pay for your office furniture and the refurbishment of your workspace upfront, you can only count a limited percentage of this for tax purposes. This is because you are only permitted to offset 65% of the capital cost against your capital allowances.

In contrast, if you follow the office furniture lease finance route, this allows you to offset the total sum of repayments against your tax bill. This is the only type of borrowing that makes this possible, and for this reason it is by far the most tax efficient method of covering the cost of your furnishings and refurbishments.

The decision to lease office furniture also makes a big difference to your cash flow. With no hefty upfront costs, you can get the new office furniture your staff and workspaces really need, while retaining a healthy bank balance and freeing up funds for other purposes.

Improve Cashflow

Your new office furniture can be delivered and operational without the need for capital expenditure. Have what you need today with no cash outlay.

Retain Credit Lines

Keep existing banking arrangements, credit lines and cash free for uses that are more appropriate. Our finance facilities cannot be withdrawn like overdraft facilities. Use cash and bank funding for working capital to maintain a healthy business.

Simplify Budgeting

Payments are fixed throughout the term of the agreement enabling accurate and simple budgeting and forecasting. Bank facilities are generally related to interest rates, which is fine when they are low but can cripple cashflow when they increase.

Let the Equipment Pay for Itself

Enable the finance payments to coincide with the benefits of having the new equipment as they start to appear. You wouldn’t pay all your staff costs up front! Pay for the office furniture as you gain the benefits, not before.

Keep Up-to-Date

Combat obsolescence problems or requirement changes as the equipment can be supplemented or upgraded at any time in the future. Have what you really need to do the best job for you, not just what your budget limits you to.

Simple Approval in Two Ways

First of all, leasing may be classed as a revenue item for budget purposes, which may make it easier for you to obtain authorisation for the expenditure. Secondly, the approval process only takes one phone call to our lease finance partner and an approval is usually provided the same day.