Woodwork Machinery Leasing & Finance

R&J Machinery have partnered with finance provide Tower Leasing Ltd, 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

YearCapital AllowanceTax Relief
118% of £7,500 = £1,350Less 21% = £283.50
218% of £6,150 = £1,107Less 21% = £232.47
318% of £5043 = £907Less 21% = £190.47

This gives us a total tax relief of £702.44.

Lease Rental

YearCapital AllowanceTax Relief
14 rentals of £817.73Less 21% = £686.89
24 rentals of £817.73Less 21% = £686.89
34 rentals of £817.73Less 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.