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There's also a variety of leasing and hire purchasing
solutions which could help - and we'll be happy to take you through each
one of them step-by-step.
Things you'll need to consider are:
What's the working life of the asset? Generally, the
longer it is the more benefits there are in owning it; the shorter it
is, the more attractive a lease option becomes.
How's your cashflow? Leasing and hire purchase allow
you to set affordable monthly rentals.
The tax implications. If you 'own' the asset (outright
or through a hire purchase agreement), you can claim allowances against
your taxable income. However, even if you don't own it, the company leasing
the equipment to you can claim and may pass some of those savings on to
you.
As ever, your Relationship Manager is on hand to answer
these and any other financing questions you may have.
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