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Benefits Of Financing Your Generator

The Benefits Of Financing Your Generator

Generator Pro has partnered with Tower Leasing to offer a range of finance options that make acquiring your Generator for your Business simple, affordable and tax-efficient. 

By choosing to finance our products, you will be able to enjoy some fantastic benefits:

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

So How Does Leasing Compare To Cash Purchase?

Lease vs Buy Example

Assumptions

Equipment Cost: £20,000

Lease Period: 3 Years

Frequency: Monthly 

Company’s Tax Rate: 19%

Cash Purchase

YearCapital AllowanceTax Relief
1
  18% of £20,000 = £3,600.00
Less 19% = £684.00
2
  18% of £16,400 = £34
Less 19% = £592.04
3
  18% of £13,284 = £2,391.12
Less 19% = £454.31

Total tax relief: £1,730.35

Lease Rental

YearCapital AllowanceTax Relief
1
12 rentals of £686.20
Less 19% = £1,564.54
2
12 rentals of £686.20
Less 19% = £1,564.54
3
12 rentals of £686.20
Less 19% = £1,564.54

Total tax relief: £4,693.61

By choosing to lease their equipment costing £20,000 they have gained an extra £ 2,9463.26 in tax relief.

Find Out More About Tower

Tower Leasing Ltd has been operating in the asset finance industry since 1989. Throughout this time the organisation has built many strong relationships with equipment suppliers and businesses in need of equipment across the UK.

Tower takes care of the entire lease process to ensure suppliers and customers enjoy a simple and quick leasing experience. 

Along with strong connections with 25+ financial institutions, Tower has access to its own book funds making clearing customers for finance a simple process.

Central Bar and Catering Supplies will be working alongside Tower to provide you with an investment solution which will benefit your business greatly.