Benefits Of Leasing
According to our clients, there are many reasons why leasing with Colonial is beneficial.
Here are a few:
Benefits Of Leasing
According to our clients, there are many reasons why leasing with Colonial is beneficial.
Here are a few:
Immediate access to Equipment and Software
You can acquire much needed equipment immediately. There is no need to wait until capital budgets are available and 100% leasing means that deposits are not usually required.
Easier budgeting
As they are not subject to fluctuating interest rates, fixed rentals allow you to simplify budgeting.
Conserve working capital
If you buy equipment outright the capital invested becomes tied up in depreciating assets. Leasing allows you to retain cash for other purposes. You can also raise working capital through a sale and leaseback of your unencumbered assets.
Upgrade options
Leasing allows your business to keep up with changes in technology and respond to industry pressures. Our upgrade facility allows you to take on new equipment or software during the life of the lease without necessarily increasing the rental payments.
Protect credit lines
If you lease equipment, existing credit lines (such as arrangements with the bank) remain intact.
Tax efficiency
Payments can be offset against profits to increase tax efficiency and thereby reduce the net cost of renting the equipment.
Tailored payments
Rental agreements may be individually tailored to meet your budgetary requirements. Agreement terms can be from 1 year to 5 years and incorporate holiday periods, irregular profiles and stepped rentals.