Woodwork Machinery Leasing & Finance

R&J Machinery have partnered with !leading finance providers to provide our customers with finance packages tailored to your specific, individual needs.

Leasing woodworking machinery will benefit you in many ways:

  • Keep cash flow within the business.
  • Get the woodwork machinery you want when you need it, not just when budgets allow.
  • Enjoy 100% tax relief on all rentals payable.
  • Keep up with the latest technology; you are able to upgrade the equipment at any time throughout the lease period.
  • Manage your budgets easily with fixed monthly or quarterly payments.
  • Protect your existing credit lines by using leasing as an alternative funding facility.

Machine Lease Vs Buy Example

In the following example we are making a few assumptions. Let's say the machine we want costs £7,500, we are opting for a 3-year lease period, we pay our rental quarterly, and our company tax rate is 21%.

Cash Purchase

Year Capital Allowance Tax Relief
1 18% of £7,500 = £1,350 Less 21% = £283.50
2 18% of £6,150 = £1,107 Less 21% = £232.47
3 18% of £5043 = £907 Less 21% = £190.47

This gives us a total tax relief of £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

This gives us a total tax relief of £2,060.67.

The company that has chosen to lease its equipment and has gained £1,354.23 in tax relief.

Call our sales team today on 01455 840224 for a machinery finance quote tailored to your needs.