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Transcribe Thames Group can provide lease hire for all your equipment acquisitions including photocopiers, printers, digital duplicators and even software.

We have partnered with ING Leasing, BNP Paribas, and Deacon Finance; enabling us to provide you with competitive lease rates and flexible  payment options.

• Flexible payment options
  Monthly / Quarterly / Annually
  

• Flexible payment periods
  One year / Two years / Three years / Four years / Five years
  

• One periodic charge
  If you wish you can include your maintenance charge within the lease, giving you just one monthly, quarterly, or annual payment – all in.

• Easy upgrade
  Equipment can be upgraded at the end or during the lease

• 100% financing
  There is no need to provide a cash deposit, the entire cost of the equipment is covered within the lease.

Leasing is a well established tax efficient method of financing capital equipment. Virtually any item that is used in business may be leased, from computers to vehicles, vending machines to photocopiers. Values range from a few hundred pounds to (in some cases) many million pounds.

Every sector of the British economy takes advantage of leasing. A recent survey shows that around 8 out of 10 accountancy practices lease equipment and some 85% of the Times Top 100 UK Companies.

Leasing is a contract between a leasing company and a customer, giving the customer use of the equipment on payment and rentals over a period. When you lease equipment you make a series of regular (usually 3 monthly) payments instead of a large capital outlay. Payments are spread throughout the useful life of the equipment and are made out of your revenue budget.

The cash flow and tax relief benefits of leasing provide a very strong case against cash purchase. If you buy equipment outright the capital invested becomes, in effect, tied up in a depreciating asset. Leasing on the other hand, allows you to save resources for other purposes such as new business opportunities, responding to unexpected problems or simply investing in product development or marketing.

Using an existing credit line could prevent you from being able to use it in the future for unexpected needs or for short-term funds. Moreover, the business that borrows to finance equipment is still vulnerable to changes in interest rates. Banks may also want to limit the amount financed and impose a fixed or floating charge as security. Leasing, however, is not effected by fluctuations in interest rates and allows you to plan your budgets accordingly. Financing equipment through a loan is unlikely to offer you the same flexibility to change the equipment by upgrading or adding other items.

Payments made throughout the life of a leasing agreement are not affected by inflation. The real cost of leasing will reduce over time as the value of money depreciates.

A leasing facility allows businesses to keep up with the changes in technology. Your original installation can be altered, either during or at the end of the lease, to accommodate unforeseen changes in your business needs. If you are re-financing the new equipment it is possible you will receive a discount on your existing rentals.

Businesses choosing to lease equipment can claim full tax deductibility on leasing payments under the tax rules which apply to business profits. So long as the term of the lease matches normal depreciation rates for the equipment, lease payments are generally fully allowable against tax profits. For example: If your company is paying Corporation Tax at 33% then £33 in every £100 of lease payment can be reclaimed. Please note this information is given without liability on the part of Transcribe Thames Group, you may wish to seek guidance from your professional advisers on this matter to ensure all the relevant issues have been taken into account.

If you choose a "maintenance inclusive" plan, you will be able to contribute to the financing and servicing of the equipment under a single agreement. By combining the financing and maintenance elements, you have the peace of mind that the equipment will be serviced throughout the lease and all administration is simplified into a single all-inclusive periodic payment. The maintenance element of your agreement is also tax deductible as a business expense in the same manner as the lease rental.

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