Many companies in UK already use lease finance for a wide range business critical equipment, from photocopiers to forklift trucks. However, what many organisations don’t know is that lease finance can also be used for installing or upgrading their fire and security systems.
As systems with a depreciating value that bring no direct income benefit to a business, these systems are often overlooked or pushed to the bottom of the priority list when capital expenditure projects are discussed. In do so it can inadvertently leave companies vulnerable to security breaches such as theft or vandalism, or business loss due to fire damage.
By using lease finance this enables companies to capitalise on the latest technologies, keep staff and assets safe, and ensure compliance with all current UK legislation.
AEL Systems can offer finance for such systems as:
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Life safety systems including:
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fire detection systems
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disable refuge systems
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emergency lighting system
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Security systems including:
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CCTV systems
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Access control systems
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Intruder alarm systems
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Traffic barriers
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Vehicle gates
By using lease finance companies can:
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Cash Flow - Protect cash flow and budget more accurately with predictable, regular payments.
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Protect Existing Credit - Protect other lines of credit such as bank loans and overdrafts.
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No Major Upfront Costs - No significant outlay or investment necessary; usually just a first rental is taken by Direct Debit to secure your finance.
Contact AEL Systems here for your free, no obligation survey and see how your company can benefit.
Here is some more information regarding how the leasing works:
Do my payments increase if inflation increases or interest rates rise?
Your payments are fixed and are therefore unaffected by interest rate rises. They would be subject to any changes in VAT.
Will I need to pay a deposit?
A nominal amount is required in advance of the lease agreement. This is usually equivalent to a periodic payment and means you can start using the equipment straight away and generating profit from it before the next payment is due. With hire purchase agreements, VAT must also be paid upfront.
How do I make my payments?
We prefer for our customers to use Direct Debit as the method of repayment.
Are there tax benefits associated with leasing?
Yes, all finance lease rental payments are tax deductible against profits, therefore attract tax relief for the full duration of the lease agreement. Contact your accountant to find out how this can reduce your overall tax bill. In the case of hire purchase, the lessee (you) can claim full capital allowances on the full value of the asset from day one, which can then be used to reduce taxable profits and in turn any resulting corporation tax liability/payment.
How do I apply?
All you need to do is fill out the form on our contact page with your details, and one of our team will get in touch with you.
For more examples of the cost of finance feel free to use our finance calculator.