Leasing is a universally accepted finance option used by every type of business. X-AXYS has teamed up with Evington Asset Finance to provide flexible leasing facilities on all our capital equipment.

Leasing proves to be an invaluable tool for financing the growth of many businesses. It is now considered as one of the most effective and efficient options for funding business equipment. However it is often overlooked in favour of less flexible, more risky forms of finance such as bank loans or overdrafts.

Leasing encourages businesses to plan for the future. The cost of equipment is spread over time allowing your business to budget effectively. Capital is consequently saved for the unexpected, enabling you to maximise business opportunities. As business finance specialists all of our lease programmes are designed to enable system users to upgrade their investment to keep in line with your changing needs and expectations.

BenefitsFeaturesFrequently Asked Questions

• Flexible agreements allowing payments to be monthly, quarterly or annually
• A lease period that matches the useful life of your asset from 2-7 years
• Minimum initial outlay
• Full use of your asset
• The option of an add-on facility
• Option to upgrade equipment during the lease term
• Technology Refresh options
• Extensive end of lease options

Add on Facility

Additional equipment can be purchased during the life of the agreement and the value of the equipment added. The new rental will be calculated for you and collected as one payment on the existing collection date. This will be calculated to co-terminate with the existing arrangement.

Upgrade Facility

Lease arrangements offer the option to upgrade equipment during the term of the lease. This facility provides increased flexibility for the customer allowing them to continually have the use of up to date equipment.

Effective Budgeting

Fixed monthly or quarterly payments allowing businesses to accurately budget for acquisitions with a finance facility that is unaffected by interest rates changes. Payment profiles can also be structure to suit individual company budgets.

Manageable Cash Flow

Cash flow is easily managed. Present customers state that equipping their business today whilst keeping valuable working capital for tomorrow is one of the key reasons for leasing.

Tax Efficiency

All rentals are usually 100% deductible against taxable profits. Leasing is consequently the most tax efficient way of acquiring equipment.

Flexibility

With any lease arrangement customers have the option to add or upgrade equipment at any point during the agreement.

Q. What is a lease?

A. A contract through which an owner of equipment (the lessor) conveys the right to use its equipment to another party (the lessee) for a specified period of time (the lease term) for specified periodic payments.

Q. Who uses Leasing?

A. Leasing is suitable for nearly all businesses with over 90% of the FTSE 100 companies having lease agreements with FLA* members. With leasing often misconceived as a poor-mans option this statistic illustrates that even the largest corporates view leasing as an efficient method of acquisition.
(* Finance and Leasing Association)

Q. Why do Companies use Leasing?

A. Leasing equipment is tax efficient, easy to budget for, improves cash flow, and is inflation proof, but most customers cite preservation of working capital for use in other areas of the business as their key reason for choosing leasing.

Q. Isnt leasing expensive?

A. When tax benefits and depreciation are considered, leasing is one of the cheapest forms of business finance. Leasing also has the added comfort of not being subject to interest rate variations during the term with periodic payments being fixed throughout the agreement.

Q. Can the Agreement be cancelled?

A. Once an agreement has been entered into you are liable for all outstanding repayments, however should your circumstances or requirements change during the lease you do have the option to upgrade or add further equipment.

Q. How long is a lease?

A. Agreements can be tailored to meet any budgetary requirement but most leases have a term equal to the anticipated working life of the asset.

Q. What can be Leased?

A. Any identifiable asset including its installation can be subject to a lease. Maintenance and other service payments can also be collected along with the lease payment.

Q. What happens at the end of a Lease?

A. There are several options at the end of an agreement. Equipment can be purchased for a nominal fee, returned to the lessor, or a new agreement can be entered in to for new equipment.