How leasing compares with cash purchase

Example figures

Outright purchase:                         £1,000.00   

Lease: £8.19 + VAT per week
(paid by monthly direct debits of £35.50)

36 payments (3 years)                      £1278.00

Maximum tax relief 40%                    (£511.20)

Cost after tax relief                        £488.80

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Example figures

Outright purchase:                         £1,000.00

Lease: £5.44 + VAT per week
(paid by monthly direct debits of  £23.56)

60 payments (5 years)                      £1413.60

Maximum tax relief 40%                    (£565.44)

Cost after tax relief                        £848.16

 As you can see by the examples above the lease can have considerable advantages as long as you are in profit.

Please call Malcolm on 01225 707200

or

Helen Mills at Kennet on 01675 469247