WHY BUY ? WHEN YOU CAN FLEXI-LEASE

Benefits of Flexi-Lease

What is Leasing?
Leasing Computers Equipment Leasing is a financial contract between you, the customer, and a leasing company. You will be committed to repay a given number of fixed rentals for the term of the contract, (for example 36 monthly payments of £100). If the equipment fails to work, you must not stop paying the rentals as this breaks your contract with the leasing company. You must advise the leasing company at once and ask them to resolve your problem.

How often do I pay?
You pay monthly or quarterly over 3 years by direct debit.

When do I pay?
You will normally pay the first rental about 7-10 days or so after the goods are delivered. The second and subsequent rentals will follow.

The advantages of leasing

Laptop Computer

There are six main benefits that you will enjoy:

During your lease, your machinery can be changed or modified at any time without penalty. After eighteen months you will receive from us an option to upgrade. Small additional items can be added at any time.

Immediate use of the equipment without paying the full cost price assisting cash flow. You will normally only pay one month's rental following delivery i.e. £82.50 not £1,000 which is the cash price.

Leasing is entirely separate from any bank lending or other credit arrangements you may have. By leasing equipment, your overdraft or bank loans are free for use in running your business.

Because your lease costs are fixed for the duration of the agreement, you can include each year's rentals in your annual budget and remove any guesswork.

You will be able to offset all the lease rentals that you pay in any year against your taxable profits for that year. Therefore, you get full tax relief on any leased equipment and this should reduce your tax bill. This is unlike an outright purchase or HP type agreement where only writing down allowances is applicable.

Hardsoft are the only computer leasing company who will allow you to own your machinery, for a nominal figures, at the end of the lease term.

At the end of the lease, the machinery will be yours for a nominal sum of £39 plus VAT.

Lease Upgrades

Users that hold a Lease with us can take advantage of the Systems Upgrade Option. This allows users to take given percentages of the new equipment via their Systems Upgrade Allowance Table without the need to increase your rental.

The table illustrates the upgrade allowance that can be used to add equipment and services to an existing agreement throughout the life of the contract.

See for Yourself: CHECK OUR SYSTEMS UPGRADE TABLE

For example, imagine you are looking for IT equipment valued at £4,000, with quarterly payments of £280 over five years.

Quarters Paid 36 Mths % 48 Mths % 60 Mths %
1 6 4 3
2 13 9 6
3 20 13 9
4 27 18 13
5 35 23 17
6 43 29 20
7 51 34 24
8 60 40 29
9 70 46 33
10 79 53 38
11 89 60 43
12   67 48
13   75 53
14   83 59
15   91 65
16     71
17     78
18     85
19     92

Three years later, you need to expand the system. At this stage in the term of the lease, the equipment is subject to a 48% upgrade allowance, which is £1,920 of new equipment. Therefore, your school can acquire an extra £1,920 of new equipment by signing a new agreement for five years at £280 per quarter, while still retaining the original £4,000 of equipment.