- Hire Purchase
A Hire Purchase Agreement is a form of financing that is particularly beneficial to VAT registered organisations who can claim back VAT at the outset. Please see benefits below:
Reduced upfront costs make construction more affordable
- Full ownership on final payment
- Fixed payments over 1-7 years improve financial management and forecasting
- Deferred payment options allow pitch construction to be completed before repayments begin, allowing revenue generated from your new pitch to contribute to repayments
- If paying annually, payment can be deferred for up to 12 months
- Claim tax relief via annual capital allowances
- Claim VAT back at the outset or defer VAT up to 3 months (if VAT registered)
- Utilising Hire Purchase, with a deposit of £80,000 we we can install a brand new 3G all-weather sports pitch from as little as £6,000 per month (subject to site survey, conditions, and specifications).
- Finance Lease
A Finance Lease is a form of financing that is particularly beneficial to non-VAT registered organisations who can spread the VAT over the length of the agreement. Please see benefits below:
No deposit required – free up funds for other projects
- Fixed payments over 1-7 years improve financial management and forecasting
- Finance Lease payments are treated as an expense item
- Reduce taxable income with full asset value on balance sheet
- Option to own, sell or lease at the end of term
- VAT cost spread over agreement, payable on each lease payment
- Operating Lease
An Operating Lease is a form of financing that is particularly beneficial to state and academy schools. Already commonly used across the sector, Operating Leases are not classed as borrowing, therefore do not require Secretary of State for Education (SSE) authorisation (as would be the case with a Finance Lease or similar). Please see benefits below:
- No deposit required – free up funds for other projects
- Fixed payments over 1-7 years improve financial management and forecasting.
- Claim VAT back on each lease payment
- Never repay full asset value, monthly costs are lower than other forms of finance
- Operating Lease rentals are treated as an expense item.
- An Operating Lease is an additional line of finance (so may not affect existing bank arrangements)
- Maintenance and service costs can be included
To find out more and for all enquires please contact us below:
Jack Bridges
E: enquires@buckinghamleasing.co.uk
M: 07515662628