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Tower Leasing
The Benefits of Financing Your New Tools
Axminster Tools have partnered with Tower Leasing to offer a range of finance options that make acquiring our tools and machinery simple, affordable and tax efficient.
By choosing to finance our products, you will be able to enjoy some fantastic benefits:
- Keep cash flow within the business.
- Get the tools you want when you need them, not just when budgets allow.
- Enjoy 100% tax relief rentals payable.
- Pay monthly or quarterly payments over a chosen period of time rather than handing over one large lump sum.
- Keep up with the latest technology by upgrading the equipment at any time throughout the lease period.
- Structure your lease payments to suit your budgetary needs and allowances.
- Protect your existing credit lines by using leasing as an alternative funding facility.
Cash Purchase
| Year | Capital Allowance | Tax Relief |
|---|---|---|
| 1 | 18% of £8,000 = £1,440.00 | Less 19% = £273.60 |
| 2 | 18% of £6,560 = £1,180.80 | Less 19% = £224.35 |
| 3 | 18% of £5379.20 = £968.26 | Less 19% = £183.97 |
| Total tax relief: | £681.92 |
Lease Rental
| Year | Capital Allowance | Tax Relief |
|---|---|---|
| 1 | 12 rentals of £273.20 | Less 19% = £655.68 |
| 2 | 12 rentals of £273.20 | Less 19% = £655.68 |
| 3 | 12 rentals of £273.20 | Less 19% = £655.68 |
| Total tax relief: | £1967.04 |
Company A has chosen to lease its equipment and has gained £1,285.12 in tax relief.
About Tower Leasing
Tower Leasing Ltd has been operating in the asset finance industry since 1989. Throughout this time the organisation has built many strong relationships with equipment suppliers and businesses in need of equipment across the UK.
Tower takes care of the entire lease process to ensure suppliers and customers enjoy a simple and quick leasing experience.
Along with strong connections with 20+ financial institutions, Tower has access to its own book funds making clearing customers for finance a simple process.
Axminster Tools are working alongside Tower to provide you with an investment solution which will benefit your business greatly.
Disclaimer
The information provided gives an overview of Tower Leasing Ltd and its services, and is for general information purposes only.
Please note: Axminster Tools is unable to provide credit advice.