Finance

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Make use of our finance calculator to see how affordable lease purchase can be, or get in touch to discuss options for grant funding.

Lease Vs buy

On a machinery purchase worth £7,500 ex VAT, over 3 years.

Cash Purchase

Year
1
2
3
Capital Allowance
18% of £7,500 = £1,350
18% of £6,150 = £1107

18% of £5,043 = £907

Tax Relief
Less 21% = £283.50
Less 21% = £232.47

Less 21% = £190.47

Total Tax Relief: £702.44

Lease Rental (quarterly payments)

Year
1
2
3
Capital Allowance
4 rentals of £817.73
4 rentals of £817.73

4 rentals of £817.73

Tax Relief
Less 21% = £686.89
Less 21% = £686.89
Less 21% = £686.89

Total Tax Relief: £2,060.67

The Lease Process

Affordable Payment Plans Available To Our Business Customers

Step 1: You would like to lease some equipment?

Cardboard Converters has a lease finance option in place.

Step 2: Quotation

Tower will send you a lease quote clearly outlining set monthly/quarterly rental payments over a period of 2, 3, 4 or 5 years.

Step 3: Credit acceptance

If you would like to go ahead, Tower will take care of the credit clearance and administration. Once Tower have cleared your business for credit you will receive your lease agreement.

Step 4: Your order will be processed

Once Tower has received your signed lease agreement the order will be processed. Your lease agreement is activated and you begin to pay the monthly/quarterly payments over the chosen period.

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