What are the benefits of finance leasing your office fitout?
Increasingly, customers are choosing bespoke asset finance solutions that not only allow them to spread the costs over time effectively, but also can unlock powerful tax benefits too.
For a lot of organisations, the concept of leasing their entire workspace is a new one, but there are many benefits and possibilities to help you achieve your vision, including the combination of all the project costs into one simple low-cost facility.
Retaining the capital to use elsewhere is key for many businesses, whilst for others, recognising the benefits of treating their workspace much like they do their building costs is more beneficial.
Strategically, financing your space can transform how you think about your environment. Being able to pay a low, fixed amount each month in return for the exact workspace you want could mean your new workspace is closer than you think.
What are the benefits of finance leasing your office fit-out?
- Tax Deductible
For private sector organisations, leasing provides a highly attractive, fully 100% tax deductible solution. Those that are subject to higher tax rates have more to save.
- Fixed Costs
Payments are manageable, low, and fixed for the duration of the agreement so no hidden surprises or exposure as interest rates continue to rise.
- Retain Capital
Locking away capital in depreciating assets is no longer necessary. Free up the cash to be deployed elsewhere, working harder for your organisation, and delivering true returns.
- Strategic Solution
Strategically, leasing provides you with a mechanism to manage the lifecycle of your furniture and fit out assets across your whole estate, avoiding large capital investments.
- Costs Match Return
Leasing allows you to match your costs in line with the return on your investment, unlike capital where all costs are paid upfront and in full.
- Spread VAT
Rather than pay the VAT in full upfront as you would with traditional capital expenditure, the VAT is paid on each repayment (excluding Hire/Lease Purchase agreements)
- Make Budgets Work
Make investment decisions based on your needs and not limited by constrained budgets which might otherwise restrict what you can achieve.
- Total Project Funding
Expertise to make sure that all your costs, including fees, labour and delivery charges can be included in your facility.
- Reduce Risk
Become less reliant on your primary funder(s) and spread your risk. Your existing credit lines remain unaffected, and you unlock access to 50+ specialist asset funders.
What is the process involved in financing an office fit-out?
Our finance partner, Bluestone Leasing, can offer recommendations on the best way to unlock capital within your business to enable you to achieve your vision and goals.
Bluestone’s simple process:
Step One
A dedicated account manager will talk through the finance options available to you based on your needs and what you’re looking to achieve to support you in the best way.
Step Two
Bluestone has various finance illustrations that show expected costs, calculate any tax benefits, and show the opportunity cost savings you make. A formal quotation on your fit-out project will be shared with you, showing clear payment terms and tax savings.
Step Three
Once Bluestone has all the information they need and you’re happy to proceed, they secure the finance quickly for you and handle all the paperwork.
Step Four
Documents are sent for you to sign and upon completion, the funding is released to pay for the project and your agreement starts.
Get in touch
For more information, get in touch by emailing our account manager Gemma Grainger – gemma.grainger@bluestoneleasing.com or call 01924 979 527 and she will be happy to discuss your options. (Please quote code ACC3NTBLU3ST0N3 when contacting Bluestone).
If you wish to learn more about successful projects or discuss your project further please contact us on 08456 595911 or view our projects page https://accentoffice.co.uk/projects/. We provide interior design, office refurbishment, and office relocation services.