Leasing clinic equipment

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Hi

Could anyone (preferably not a supplier!) suggest a good company to lease equipment from.

I am assuming leasing is a good idea?

Many thanks
JB

 

Leasing is of value taxwise as you get 100% allowance in your business. Outright purchasing is on a redcing amount over 5 years. Howebver, it really does depend on the sizie of your turnover and profit. You pay an awful lot for leasing and I think it is questionable except you save yourself considerable outlay at the start.

Talk to your bank on leasing options.

 

If you look at leasing from a tax incentive then yes you get 100% tax deduction howeve the level of turnover is relivant to the amount they will allow you to lease.
The start of the current financial crisis was for seen by the banking establishments prior to the public being made aware. Alot of the banks reduced the amount they would lend so leasing is harder to come by. Most the major banks have a commercial wing that deal with equipment leasing but on a loan basis you tend to get a better rate than a loan to buy the equipment only a few percent over the five years.

However if you talk to a supplier they tend to have good deals set up with lease companies. They tend to be the best port of call.

Dave

 

Thanx for the guidance from you both.
It's the starting up that leads to this need - so turnover will of course be lower than in the future ( not too distant I hope!).
Any other advise re starting up gratefully received.

All the best
JB