Finance

Bondent works with a number of finance brokers and companies and we can help you get competitive rates. More importantly, they can put together tailor made financial solutions taking full account of your specific needs, cash flow, VAT and tax positions together with longer term objectives to make sure you get the best overall deal for you.

We have also developed strong relationships with these finance brokers and in some case can provide an extra month Credit FREE, so please call to arrange a visit from a financial specialist.

In the meantime please find below details of the benefits and options available by financing your equipment:-

Preserve Your Capital for More Profitable Uses

Why tie up significant amounts of your valuable, hard-earned capital in an outright equipment purchase when you can lease it for a low cost regular payment? Far better to keep your money working for you and spread the cost of your equipment over its useful working life.

Simplify Your Budgeting and Forecasting

Leasing provides you with a fixed and manageable monthly payment, irrespective of interest rate fluctuations or other economic changes. Payments are fixed for the term of the Agreement, protecting you from interest rate increases, thus enabling accurate budgeting and cash flow projections and giving you peace of mind.

Retain Your Existing Credit Lines

You can preserve your existing bank funding lines and optimise your use of commercial credit sources. Since the finance is based on the value of the asset itself, no additional security is required. By leasing equipment, you free up your overdraft or bank loans for use in running your business.

Repayments 100% Tax Allowable

Lease rentals are 100% allowable against your pre-tax profits. The total cost can be offset during the lease period, with your rental payments deducted as a trading expense. In a recession, leasing is particularly powerful, since many businesses have reduced taxable profits.

There are two main types of finance to consider: Hire Purchase and Leases

Leasing – updating equipment

Lease contracts, typically valid for 2 to 7 years with no upper limit on the amount borrowed, are a popular way of funding Practice equipment, cabinets and other types of Practice acquisition.

Leasing is tax efficient. It allows you to claim all lease payments (including VAT if the business is not VAT registered) as a taxable expense with the full cost of the goods and interest being written off over the lease period.

At the end of the Lease you can choose to continue renting the equipment for a small annual fee, or terminate the contract at minimal cost.

Hire purchase - own items outright

Hire Purchase is an ideal way of funding technical and general equipment. The contract duration, payments and interest rates are often similar to leasing, and you'll own the equipment outright at the end.

Your business can also gain from immediate tax benefits by claiming the value of the equipment against first year Capital Allowances. In following years, interest on your instalments is tax deductible as a business expense and the equipment is gradually depreciated from your fixed business assets.