As our leasing experts are specialist in the funding of IT
products and services, they regard most of the hardware elements
as true assets and as such they normally make an equity
investment in the products. As a result of equity investment,
the actual interest rate to you is very competitive. Example of
Costs: For ease of calculation, the following example assumes a
capital value of £10,000 (excluding VAT) and uses our Systems
Rental option.
|
Term |
Monthly Cost |
| 2
Years |
£537.90 plus vat |
| 3
Years |
£377.70 plus vat |
| 4
Years |
£298.20 plus vat |
| 5
Years |
£250.80 plus vat |
Points to note: All figures are quoted
assuming payment of 3 rentals upon installation, an initial
administration charge and credit/documentation approval. Capital
allowance rules for non-SME companies. All figures are correct
at time of printing and subject to change
With regard to the cost opportunity of money
that could be gained through the rental option and assuming a 3
year term on the example above, this can be summarized as
follows:
| |
Cash |
Rental |
|
Cost |
£10000.00 |
£12091.00 |
|
Interest* |
£2773.00 |
Nil |
|
£ Tax Relief |
-£1391.25 |
-£2539.11 |
|
Total |
£11381.75 |
£9553.00 |
| |
Net Saving £1828.75 |
What
does it cost?
