We have tried to compile the most frequent and relevant questions that you ask about leasing on an everyday basis.
I am starting a new business, can I arrange leasing for the equipment needed?
Yes. We can lease whatever equipment you require for a start up business.
Can I include installation and software costs in my lease?
The answer is nice and simple, Yes.
Do I need a large down payment?
Typically a large deposit is not necessary. You can start your lease
with normally either one or three months rentals in advance.
My credit isn't perfect, will I be able to have a lease?
Past credit issues do not necessarily disqualify you from obtaining a
lease. The underwriters will consider how long you have been in business
and what equipment you are buying; as well as your current situation.
What are the tax benefits?
Leasing is wholly allowable against taxable profits.
It is estimated that over 90% of the Times Top 100 companies use leasing
services as the best way to acquire equipment. See here for cash V lease comparison
How much can I have on a lease?
You can have any amount that you can safely afford
I need to raise some money, can I finance equipment I already own?
Yes, this is known as sale and leaseback. Under certain circumstances. As a rule they have to be durable assets, for example CNC lathes, but really anything with a proven resale value which can be uniquely identified with a serial number or other form of identification. Valuations could well be required.
My credit isn't perfect, will I be able to have a lease?
Past credit issues do not necessarily disqualify you from obtaining a lease. The underwriters will consider how long you have been in business and what equipment you are buying; as well as your current situation.
What are the tax benefits?
Leasing is wholly allowable against taxable profits.
It is estimated that over 90% of the Times Top 100 companies use leasing
services as the best way to acquire equipment. See here for cash V lease comparison
How much can I have on a lease?
You can have any amount that you can safely afford
If you have a question that you would like us to answer, please e mail info@oaklease.co.uk.