Finance options for your installed equipment!

R.J. Smith Electrical Engineers are now able to offer our customers a lease finance option for new equipment needing installed.

Here are some reasons why leasing is attractive to your business:-

  • Keep your valuable working capital protected.

  • Offset 100% of the rentals against your tax liability to maximise tax efficiency.

  • Get your equipment straight away, rather than when budgets allow.

  • A lease option is simple and safe – what with the fixed cost throughout the lease period there will be no changes or unpredictability to watch out for.

  • Your business can stay up-to-date with the latest equipment! Leasing provides you with the option of upgrading the equipment at any stage throughout the agreement by simply restructuring the payment schedule.

  • If you want to take ownership of the equipment at the end of the lease term then for a fee of £75 + vat, you can have ownership of the equipment transferred.

500kva Standby Generator installed

from only

£334 + vat per week

1500 kva Substation installed

from only

£592 + vat per week

Lease finance example:-

Equipment Cost: £70,000 - Lease Period: 3 Years - Frequency: Monthly - Company's Tax Rate: 20%

Cash Purchase versus Lease Rental

Year Capital Allowance Tax Relief Year Capital Allowance Tax Relief

1 18% of £70,000 = £12,600 x 20% = £2,520 1 12 rentals of £2,269 x 20% = £ 5,445

2 18% of £57,400 = £10,332 x 20% = £2,066 2 12 rentals of £2,269 x 20% = £ 5,445

3 18% of £47,068 = £ 8,472 x 20% = £1,694 3 12 rentals of £2,269 x 20% = £ 5,445

Total tax relief: £6,280 Total tax relief: £16,335

Total cost of lease £81,698

Less tax relief -£16,335

Net cost of finance £65,363

Contact us today for a quote and a lease projection for your equipment needs.

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