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Leasing

The Digital Network - Leasing options for you or your business

Financing
a single PC or even an entire Network needn't hold you back with The Digital Network's flexible leasing plans through our partners at Compulease™ unlike many traditional computer leasing companys, their philosphy is driven by our customers' ongoing requirements to change with developing technology so they can retain their own competitive edge.
 
Compulease™ do not simply finance a piece/s of equipment and then forget about it. Your Compulease™ rental automatically qualifies you for replacement, updated equipment, from The Digital Network every three years, with no increase to your original computer rental cost. At the time of upgrade, you also keep your original leased equipment, absolutely FREE of charge.

In these challenging economic times with banks reluctant to lend, individuals & businesses still need to remain up-to-date with the latest technology in order to remain competitive.

Overstretching resources to pay for new IT equipment can cause cash flow problems and maintaining positive cashflow is essential in order to survive a downturn.

The Main Customer Leasing Benefits are:

1) Only a Small initial payment required.
2) Fixed monthly or quarterly instalments make for easier budgeting.
3) Manageable payments means that more equipment is affordable.
4) Protects your bank facilities
5) Easy upgrade path

Also, when it comes to tax benefits for example, there is no doubt that you are significantly better off by choosing to lease. When you purchase outright, although you do get some tax relief, it is much less than the allowances you receive on a computer lease arrangement.

All computer rental payments are 100% allowable against tax, unlike other methods of acquisition, such as cash purchase for example, where only 25% of the price may be offset against tax in the first year.

Example: 3 year computer finance agreement

 

Cash Purchase

Compulease Agreement

Cost - £10,000 – paid Day 1 Year 1

Rentals £1045 per qtr Payable over 12 quarters

Year 1 £10,000 x 40% = £4,000

Year 1 4 qtrs x £1020 = £4,080

Year 2 £6,000 x 25% = £1,500

Year 2 4 qtrs x £1020 = £4,080

Year 3 £4,500 x 25% = £1,125

Year 3 4 qtrs x £1020 = £4,080

 

 

Tax Allowable Expenditure After 3 years = £6,625

Tax Allowable Expenditure After 3 years = £12,240

 

Tax Advantage of Lease: £5,615

In addition you do not  have to outlay the £10,000 on day 1 and this can be left in your business or earning interest.
 

 













      Computer Leasing allows you or your business to get what it needs today, not what the capital budget will allow.   Call The Digital Network today on: 01324 812121  for more information
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