Reasons why pos system leasing is a good idea?
New Horizon Systems Limited are pleased to be able to offer a quick and simple way of purchasing your new EPOS equipment, through our preferred leasing partners
With access to all the major funding lines in the UK, they can guarantee that we will obtain you the best facility. This may involve obtaining the best price, best deposit terms, least onerous credit agreement or simply finding somebody who will just provide the finance for Pos System leasing.
With flexible agreements running from 1 Year to 5 years many customers choose this method to purchase equipment. Advantages of this type of finance included.
Working with our partners our role is to provide you with all the information you require in order to make an informed decision. Normally a quote can be provided within 4 hours and we put you in contact with an account manager who will explain all the tax advantages and costs involved specific to your personal circumstances.
Owning your own system for your business is not always an easy option to take. A lot depends upon cash flow and a lot of businesses are reluctant to spend money where this is uncertain. This is particularly more the case if you are just starting up. Leasing is the step between renting and owning your equipment and often offers you the best solution without hurting company finances.
Retain Credit Lines
Keep existing banking arrangements, credit lines and cash free for uses that are more appropriate. Our finance facilities cannot be withdrawn like overdraft facilities. Use cash and bank funding for working capital to maintain a healthy business
Improve Cash Flow
As you will not have to pay for your equipment outright, you will not be spending any large amounts of company funds on your system. Leasing offers you your full equipment on a finance basis without the need of capital expenditure. Not only does this improve cash flow it maintains cash in the business for future growth.
Simplify Budgeting
With leasing companies, your payments are fixed throughout the entire term of agreement. This means you will never have to pay more than you have agreed to pay if you abide to the existing terms of agreement. All options can be discussed before acceptance of your payment schedule. This allows for accurate, simple and easy budgeting with the added outcome of forecasting your payments.
Major Tax Advantages
Pos System leasing payments are 100% tax deductible and helps to maximize tax efficiency and all payments made for the equipment are written off against the company’s tax bill. For any profit making business, this means a substantial saving in the real cost of acquiring equipment by lease rental. This could mean a saving of between 20-40% of the lease payments, depending on the rate of tax you pay*.Payments on qualifying leases are written off as direct operating expenses, rather than a debt or outstanding liability, thus reducing short term taxable income.Any capital allowances are passed on to you, and lease payments can be offset against taxable profits. VAT can also be reclaimed on monthly payments.
Let the Equipment Pay for Itself
By using the leasing to your advantage, you can essentially allow your equipment to pay for itself. As you pay of the system you have requested, you can take sales and use the system to your advantage allowing the flow of money to continue to add to your company capital. Similarly, to how you wouldn’t pay all of your staff up front, you can pay for your Epos system as you reap the benefits of owning your fully tailored Epos/Cash register system.
Keep Up to Date
Use leasing to your advantage by upgrading your system as your term of agreement terminates. Leasing offers you two options, extended leasing of equipment for a set period where you do not own the equipment ends and another option which allow you to pay a fee to own the equipment after the agreement is terminated. Using the primary option listed above, you would be able to set up another term of agreement with a more updated system to what you would have owned by the end of the agreement date. This means you can always have the most up to date systems without having to pay large costs up front every time. Let leasing work with you to keep you ahead of the competition.
