What are the benefits of leasing?
Leasing provides a further source of finance; it is dedicated to the asset in question; it provides fixed rate funding and the full leasing rental which the customer pays is allowable against tax. Leasing also allows you to retain your bank funding for further expansion of your business.

With leasing, why do I never own the equipment?
Existing tax legislation prevents you from obtaining legal ownership of the asset, however, the customer has such exclusive use of the equipment that he all but owns it anyway. With leasing, the customer does not, for example, suffer the burdens of depreciation and disposal that would otherwise come with ownership. The genuine flexibility of leasing facilitates easy upgrade of equipment enabling businesses large and small to keep pace with the latest technology. Any residual value in the equipment will be reflected in the new transaction by the supplier.

What are the tax benefits of leasing, rather than purchasing, equipment?
By leasing, rather than buying equipment, you can claim the full amount of each year's lease rental payments instead of an annual tax allowance of only 25% on a figure which diminishes each year.

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