finance lease a photo booth

The Benefits of Financing with BoothBits

Purchasing a photo booth with a finance lease offer many advantages.

BoothBits has partnered with finance provider, Tower Leasing Ltd, to provide you with the option to lease a range of photobooths and selfie booths your business needs.

By choosing to finance lease a photo booth you will enjoy some fantastic benefits:

  • Keep cash flow within the business.
  • Get the photobooths or selfie booths you want when you need it, not just when budgets allow.
  • Enjoy 100% tax relief rentals payable.
  • Pay monthly or quarterly payments over a chosen period of time rather than handing over one large lump sum.
  • Keep up with the latest technology by upgrading the equipment at any time throughout the lease period.
  • Structure your lease payments to suit your budgetary needs and allowances.
  • Protect your existing credit lines by using leasing as an alternative funding facility.

In short finance lease a photo booth really can help you transform your business.

So how does lease finance compare to cash purchase?

Lease vs Buy Example

Assumptions
Equipment Cost: £5,000
Lease Period: 3 Years
Frequency: Monthly
Company’s Tax Rate: 20%

Cash Purchase

Year
Capital Allowance
Tax Relief
1
18% of £5,000 = £900.00
Less 20% = £180.00
2
18% of £4,100 = £738.00
Less 20% = £147.60
3
18% of £3,362 = £605.16
Less 20% = £121.03

Lease Rental

Year
Capital Allowance
Tax Relief
1
12 rentals of £172.40
Less 20% = £413.76
2
12 rentals of £172.40
Less 20% = £413.76
3
12 rentals of £172.40
Less 20% = £413.76

Company choosing to lease its equipment and has gained £792.65 in tax relief.

A bit about Tower

Tower Leasing Ltd has been operating in the asset finance industry for over 27 years. Throughout this time the organisation has built many strong relationships with equipment suppliers and businesses in need of equipment across the UK.

Tower takes care of the entire lease process to ensure suppliers and customers enjoy a simple and quick leasing experience.

Along with strong connections with 15+ financial institutions Tower has access to its own book funds making clearing customers for finance a simple process.

Boothbits will be working alongside Tower to provide you with an investment solution which will benefit your business greatly.

Learn more about leasing
Contact Tower Leasing
duke@towerleasing.co.uk – 01753 837 083