Leasing Solutions Limited

If you lease Agricultural Equipment, then Leasing Solutions Limited will buy the equipment on behalf of your business and you pay for the Agricultural Equipment in regular instalments over a fixed period of time. These smaller payments will leave you with more cash for your business to use or even acquire more Agricultural Equipment.

Some advantages of leasing or renting Agricultural Equipment:

• You don't have to pay the full cost of the Agricultural Equipment up front, so you don't use up your cash or have to borrow money
• You pay for the Agricultural Equipment over the fixed period of time that you use it
• As interest rates on monthly rental costs are usually fixed, it is easier for your business to forecast cashflow
• you can spread the cost over a longer period of time and match payments to your income
• The business can usually deduct the full cost of lease rentals from taxable income
• You won't have to worry about an overdraft or other loan being withdrawn at short notice, forcing early repayment
• If you use an operating lease or contract hire, you may not have to worry about maintenance
• Leasing Solution carries the risks if the Agricultural Equipment breaks down
• A leasing company, such as Leasing Solutions Limited, can usually get better deals on price than a small company, and will have superior product knowledge
• on long−funding leases (over seven years, and sometimes over five years) you can claim capital allowances on the cost of the asset

To be able to operate successfully, your business will need to acquire assets or capital equipment, such as plant or machinery. These assets may include office furniture, Agricultural Equipment, computer equipment, company vehicles, engineering machines or service equipment. You could buy all of this equipment outright, or you might decide to rent or lease it instead. There are advantages and disadvantages in both options.

The disadvantages of buying outright include :−

• you have to pay the full cost of the Agricultural Equipment up front out of cash which can affect your cashflow
• if you use an overdraft or loan to fund the purchase it will add to the cost − overdrafts can be withdrawn at short notice and in some cases early repayment of loans can be demanded
• a small company is unlikely to get the same deals on price as a large company and may not have the same product knowledge and experience − and so could make an unwise choice
• you may end up buying Agricultural Equipment that you will not need in the future
• you can't easily spread the cost to coincide with money coming into the business
• you are entirely responsible for the maintenance of the Agricultural Equipment
• you won't be able to take advantage of the tax benefits of deducting the cost of rental from your taxable income
• the value of the asset may depreciate over time and be worth less than you paid for it
• you take on all the risk if the Agricultural Equipment breaks down or needs replacing.

With ever increasing demands for jobs to be completed in shorter times, the need for control and efficiency is of high importance. To have the right Agricultural Equipment to finish the job 'in house' is almost a necessity. We have taken this on board and now offer leasing on the complete range of both new and used Agricultural Equipment.