Leasing

Tower Leasing

Leasing your Telephone System

We have partnered with Tower Leasing Ltd, a finance provider which has been offering asset finance for over 25 years. Together, we can give you the option to lease the equipment your business needs and enjoy some fantastic benefits:

  • Keep cash flow within the business and pay monthly or quarterly payments over a chosen period of time rather than handing over one large lump sum
  • Get the telecoms equipment you want when you need it, not just when budgets allow
  • Enjoy 100% tax relief on rentals payable
  • 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

Along with strong connections with 10+ financial institutions, Tower has access to its own book funds making clearing customers for finance a very simple process. Learn more.
 

Example Comparison of Leasing to a Cash Purchase

 
 

  • Equipment Cost: £1,950
  • Lease Period: 3 Years
  • Frequency: Quarterly
  • Company Tax Rate: 21%
Year Capital Allowance Tax Relief
1 18% of £1,950 = £351 Less 21% = £73.71
2 18% of £1,599 = £287.82 Less 21% = £60.44
3 18% of £1,311.18 = £236.01 Less 21% = £49.56
    Total tax relief: £183.71
Year Capital Allowance Tax Relief
1 4 rentals of £199.77 Less 21% = £167.80
2 4 rentals of £199.77 Less 21% = £167.80
3 4 rentals of £199.77 Less 21% = £167.80
    Total tax relief: £503.40

As you can see in this example, it would be possible to gain £319.69 in tax relief by leasing the equipment.
 

We can assist the following types of company with leasing:

  • Limited Company
  • LLP
  • PLC
  • LEA School
  • Public Sector Organisation
  • Partnership of 4 or more partners