What are the advantages and benefits of leasing my businesses tech?

There are several advantages to leasing which you may not have realised. These include:

• Financing advantages – Significant tax benefits as rentals are 100% allowable against Corporation Tax.
• Use your tech whilst you pay for it – pay for the equipment as you use it, as opposed to all upfront, ensuring that you can keep your business operating.
• Budget more effectively – fixed repayments over the rental period makes budgeting and planning easier.
• Flexibility for your business – because you decide the rental term, payment frequency and deposit with the option to settle early or upgrade before the end of the agreement, you can access the latest tech quickly.
• Preserve your cashflow – keep cash in your business and available to spend on items with higher returns.
• Maintain existing lines of business credit – your existing credit lines will remain unaffected.