Tower Leasing

Why lease?

It is often assumed that while leasing allows you to buy what you need right away, it will cost more in the long run. If you’re a business then that’s not necessarily true. Tax relief means that leasing could actually save you money!

  • Keep cash within your business
  • Get the equipment you need now and not when budgets allow
  • Great tax advantages
  • Chance to upgrade and keep up with the latest technologies
  • Structured lease payments to suit your needs
  • Protect your existing credit lines

Request Further Information

To speak to someone about how leasing could work for you and your business, contact the Business Services team on 0800 371822 or fill out the form below.

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Lease vs. Buy

On a machinery purchase worth £7,500 ex VAT.

Cash Purchase

Year Capital Allowance Tax Relief
1 18% of £7,500 = £1,350 Less 21% = £283.50
2 18% of £6,150 = £232.47 Less 21% = £232.47
3 18% of £5,043 = £907 Less 21% = £190.47
Total Tax Relief: £702.44

Lease Rental

Year Capital Allowance Tax Relief
1 4 rentals of £817.73 Less 21% = £686.89
2 4 rentals of £817.73 Less 21% = £686.89
3 4 rentals of £817.73 Less 21% = £686.89
Total Tax Relief: £2,060.67

The customer who chose to lease gained £1,358.23 in tax relief

The Lease Process

1

You would like to lease some equipment?

Axminster has a lease finance option in place

2

Quotation

Tower will send you a lease quote clearly outlining set monthly/quarterly rental payments over a period of 2, 3, 4 or 5 years.

3

Credit acceptance

If you would like to go ahead, Tower will take care of the credit clearance and administration. Once Tower have cleared your business for credit you will receive your lease agreement from either Axminster or Tower.

4

Your order will be processed

Once Tower has received your signed lease agreement the order will be processed. Your lease agreement is activated and you begin to pay the monthly/quarterly payments over the chosen period of time.

Axminster Industrial Series
Axminster Industrial Series

Axminster Industrial Series

Axminster CNC Technology
Axminster CNC Technology

Axminster CNC Technology

Axminster Engineer Series
Axminster Engineer Series

Axminster Engineer Series

Axminster Trade Series
Axminster Trade Series

Axminster Trade Series

About Tower Leasing, Axminster’s business finance partner…

Tower Leasing Logo

Tower Leasing have been operating in the asset finance industry for over 28 years, building an abundance of knowledge in the market place.

Tower takes care of the entire lease process to ensure customers enjoy a simple and quick leasing experience.

Axminster has partnered with Tower Leasing to provide you with an investment solution to benefit your business.

See Tower Leasing

Contact Axminster Business Services...

to speak to someone about leasing tools and machinery for your business

0800 371822 or email abst@axminster.co.uk

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