BC Office Furniture works in partnership with a number of specialist leasing providers, offering finance packages to businesses buying furniture or refurbishing their working environments.
Many businesses find that leasing offers a number of significant benefits including:
Easier budgeting to suit your cashflow
Payments are fixed for the period which can be anything from 2 to 5 years.
Flexibility to add to the lease as necessary and include everything
If your requirements change during the period of the lease you can add furniture or any other office equipment to the agreement at any time.
Preserves existing borrowing power
Other lines of credit from your bank or other finance houses remain intact for other credit needs.
Payments come from a revenue budget as opposed to a capital budget
Don’t be restricted by capital budgets.
Finance the total fit out and make use of the huge tax advantages
If you pay for the furniture and refurbishment of your building from your cash flow, only a limited percentage is allowable for tax purposes. Because of the ‘intangible’ elements, the Revenue may only allow you to claim capital allowances against approximately 65% of the project. However if you lease the works, the repayments are 100% allowable unlike any other form of finance such as a bank loan. This 100% allowance on payments makes leasing the most tax efficient method of refurbishing a building and can even work out cheaper than paying cash.
Use the form on this page to get in touch if you’d like to find out more about Leasing. We’ll be happy to introduce you to our Leasing partner to discuss your requirements.