Website Finance
Introduction
For many smaller companies the upfront cost of building a database driven website and the associated expenses related to website marketing can be a hurdle that is difficult to overcome. Hence, in response to demand, we have established a relationship with a finance company who can provide the required funds.
Both traditional hire purchase agreements and tax-efficient leasing agreements are available.
You can use finance for the entire cost of designing, building, hosting and maintaining your ideal web site, giving you the opportunity to budget for a single fixed rental figure for the entire project.
Finance can be arranged over any term from 1 to 5 years and for any value of site with a value in excess of £800 excluding VAT (there is no upper ceiling). Once the agreement starts you make regular payments, either monthly or quarterly, for the agreed period.
Benefits of Leasing
- No capital outlay
Spread the cost of acquisition over an agreed period at a fixed price. Most of our agreements do not even require a deposit, just equal monthly payments over a fixed period with title passing to you at the end.Spread the cost of acquisition over an agreed period at a fixed price. Most of our agreements do not even require a deposit, just equal monthly payments over a fixed period with title passing to you at the end.
- Payments are 100% tax deductible
All leasing payments are rental payments and as such they are an allowable business expense. Therefore if the company is making profits you reduce the profit by the amount of rentals you pay each year and make the corresponding tax saving.
- Fixed Leasing Payments
All of our leases are on a fixed interest basis and irrespective of what happens to interest rates the payments remain fixed throughout the period of the lease.
The fixed nature of the payments protects your business against future interest rises or inflation and allows you to plan your spending budgets accurately.
- Alternative Funding Source
In using leasing to acquire your business, you are protecting your other lines of credit.
If you use your available capital or overdraft facilities to purchase capital assets you are exhausting a credit line that should be used for non-asset based investments such as stock, staff, advertising or marketing.
- Pay As You Earn
Most capital asset acquisitions are for one of two purposes - either to make or to save money. Using a lease agreement the money you make or save helps to cover the cost of the lease payments.
- Upgrade Path
Modern technology is changing so quickly it is difficult to keep pace, so all our lease agreements have the built in facility to upgrade key components at any time during the course of the lease.
