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ECB announces leasing options on spa units....

ECB are pleased to announce that they have teamed up with CF Asset Finance to offer potential spa owners the option to lease their spa through a competitive finance company. Options available over three,four or five years with payments weekly, monthly or quarterly.

The option is only available within the UK. Please telephone ECB for further details or fill out the enquiry form.

So why Lease???

Freedom for your capital

Leasing offers 100% financing, allowing you to put your valuable working capital to better use - like increasing your profits - instead of tying it up in a depreciating asset. Better still by leasing there is no deposit to pay and no daunting initial down payment.

Low monthly repayments

Leasing not only allows companies immediate access to the latest equipment, it also means that your monthly payment is fixed throughout the term - whatever happens to interest rates or inflation. Unlike many high street bank facilities or overdrafts that are subject to the change in market conditions, a lease facility with its protected payment allows for simple and effective future budgeting.

Excellent tax benefits

Because finance lease rentals are 100% allowable against pre-tax profits, the total cost of your purchase, capital and interest can be offset during the lease period, with your payments deducted as a trading expense. In reality it means that the real cost of your lease is in fact dramatically lower than the payments you make. In comparison, outright purchase ties up valuable capital, thereby crippling a company's development potential, while only offering reduced tax-deductible allowances.

Lease Options

Finance lease

The key feature of Finance or Capital leasing is that companies have full use of the equipment without all the associated burdens of ownership. The period of the lease is normally matched to the useful life expectancy of the equipment and once that term is expired the equipment is returned to the leasing company. This type of lease is flexible enough to allow a customer to upgrade all or part of the equipment at any time during the lease and for profit making companies there are also valuable tax benefits available.

Lease purchase

This facility is available for customers who wish to own the equipment at the end of the lease agreement. Lease purchase works on a leasing payment formula, but is similar in principle to hire purchase. Writing down allowances may be claimed against the goods and tax relief can be claimed on any interest paid. The deposit required is usually smaller than for a hire purchase agreement, but contracts cannot be amended once the agreement has commenced.

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