01827 68939
info@shireleasing.co.uk
lockShire Online - Login
Twitter
LinkedIn
Shire Leasing logoShire Leasing white logo
  • About Us
    • History, Vision & Values
    • Meet the Team
    • Affiliations
    • Corporate Social Responsibility
    • Stakeholders (Section 172 Statement)
    • Career Opportunities
  • Supplier Finance
    • Services and Technology
    • Industry Specialisms
    • Training (Lead with Lease)
    • Case Studies & Testimonials
    • Supplier Support Portal
  • Customer Finance
    • Types and Solutions
    • Vehicle Finance
      • Vehicle Solutions (existing customers)
      • Bath Clean Air Zone Financial Assistance
    • What Can Be Financed?
      • Catering Equipment Leasing & Finance
      • Gym Equipment Leasing & Finance
      • IT Equipment Leasing & Finance
      • Printing Equipment Leasing & Finance
      • Security Equipment Leasing & Finance
      • Finance For Farms
    • New Business Equipment Financing
    • Coronavirus Business Interruption Loan Scheme (CBILS)
    • Shire Members’ Club
    • Make a Payment
    • Testimonials / Case Studies
  • Blog
  • Resources & Guides
    • FAQs
    • Industry Terminology
  • Contact Us
Leasing equipment

Advantages of leasing equipment as coronavirus lockdown eases

25 JunShire Leasingbusiness growth, Equipment Finance, Equipment Lease, leasing, SMEs, Start-UpsNo Comments

You’ve decided that you need to acquire new equipment for your business. This could be down to a number of reasons – you might be looking to adapt your business following the period of lockdown and tap into new areas, or maybe your current equipment has become outdated or unreliable, proving a hindrance on your operations.

Whatever your motive, the most important decision is this: do you lease the equipment, or purchase it outright? 

There are numerous benefits to leasing equipment for your business. Let’s take a look at some of the main ones:

leasing-equipment-shireKeep your cash flow in check

Managing cash flow is especially important for smaller businesses that have limited reserves. You might not even have the capital available to purchase the standard of equipment you need to meet your business objectives.

Leasing requires no major upfront cost and means you can benefit from new equipment while keeping money in the bank – money you might use to invest in other areas of your business. At the same time, you won’t need to worry that your purchases will send you into your overdraft and neither will you need to rely on loans or other credit lines. 

If you’re one of the many businesses that have been impacted by the coronavirus pandemic, then it will be more important than ever to protect the cash you have. It might be that you were forced to cease trading during the lockdown, or cut back your operations significantly. Leasing helps you to protect cash so you can use it to cover operational costs while your business picks back up again post-lockdown.

Take advantage of the best equipment

A smaller business is unlikely to be able to invest in market-leading products, given their price tag. But you can if you lease your equipment; it means you can take advantage of equipment that may have otherwise been unobtainable or unaffordable, then potentially upgrade to new equipment when the agreement ends so you can continue benefiting from quality assets.

All this allows you to gain an affordable, competitive edge while some of your competitors may still be on the back foot following the pandemic.

No risk of obsolescence

Say you decide to purchase equipment outright. Technology advances at such a rate these days that in a few years’ time, that equipment will be outdated and not sufficient for your requirements. In other words, it becomes a depreciating asset. Equipment leasing, on the other hand, removes the risk of obsolescence – you can simply hand it back at the end of the agreement if it no longer meets your needs.

Reduce your tax bills

Finance lease rental payments are tax deductible against your profits, meaning that they attract tax relief for the duration of your lease agreement. Your business’ accountant will be able to advise you on how this can reduce your tax bill.

Lease your equipment with Shire Leasing 

At Shire Leasing we have helped businesses across a wide range of industries benefit from cutting-edge equipment acquired through leasing. We have profound knowledge of the sectors we serve – from gyms to restaurants, farms and much more – and the unique challenges they face. 

What’s more, we aim to be as flexible as possible with our payment options, which can prove invaluable in times such as these. We understand that your cash flow needs protecting through these uncertain times, which is why we offer tailored finance solutions to suit your business’ unique requirements, such as our new Low-start Lease.

Get in touch today to find out more about how our finance and leasing solutions can support your business growth.

prev Shire Leasing approved for accreditation under Coronavirus Business Interruption Loan Scheme (CBILS) next 4 products that can help your business navigate through COVID-19
Shire Leasing

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Quick Links

  • FAQs
  • Career Opportunities
  • Terms & Conditions
  • Privacy Policy
  • Fair Processing Notice
  • Make a Complaint

Get in Touch

1 Calico Business Park
Sandy Way
Tamworth
Staffordshire
B77 4BF
CONTACT US

Shire Leasing PLC is Authorised and Regulated by the Financial Conduct Authority for certain types of consumer credit lending and credit related activities that are regulated under the Consumer Credit Act 1974 and by the Financial Services and Markets Act 2000.  For certain types of products Shire act as a lender and a broker and for some products we act as a broker only.

Twitter
LinkedIn

 

Tel: 01827 68939
Email: info@shireleasing.co.uk

Registered in England and Wales
No.02476571
HomeAbout UsBlogContact Us
© 2017 All rights reserved. Site by Catalyst
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.