Why not finance your purchase from Camping Cabins?
Camping Cabins are pleased to partner with Focus Leasing to offer a comprehensive range of finance options to assist with their customers’ cabin
purchases. Focus have over 20 years of experience in this industry and can help all customers, from start up businesses to blue chip organisations*.
Your complete purchase can be delivered and operational without the need for capital expenditure. Have what you need today with no cash outlay.
Retain Credit Lines
Keep existing banking arrangements, credit lines and cash free for uses that are more appropriate. Note our finance facilities cannot be withdrawn like overdraft facilities. Use bank funding for working capital to maintain a healthy business.
Payments are fixed throughout the term of the agreement enabling accurate and simple budgeting and forecasting. Bank facilities are generally related to interest rates, which is fine when they are low but can cripple cashflow when they increase.
Let the Equipment Pay for Itself
Enable the finance payments to coincide with the benefits of having the new equipment as they start to appear. You wouldn’t pay all your staff costs up front so pay for the equipment as you gain the benefits, not before.
Keep Up to Date
Combat obsolescence problems or requirement changes as the equipment can be supplemented or upgraded at any time in the future. Have what you really need to do the best job for you, not just what your budget limits you to.
Simple Approval in Two Ways
First of all leasing may be classed as a revenue item for budget purposes which may make it easier for you to obtain authorisation for the expenditure.
Secondly, the approval process only takes one phone call. Focus can offer both lease rental and hire purchase with terms from 12 months to 5 years.
The monthly payments are the same for each option, but the VAT and tax treatment, and what happens to the equipment at the end of the agreement differs.
VAT is payable on each rental.
To keep the equipment – Focus will give you the option at the end of the lease term to retain the equipment for one additional payment.
Accounting – every rental paid can be treated as a business expense for tax purposes.
All of the VAT on the cost is payable upfront with the initial payment.
To keep the equipment – an option to purchase fee will be collected with the last payment you make. This is usually in the region of £150.00.
Accounting – Capital allowance on the equipment cost (as if you had paid cash), and tax relief on the interest payable.
We would always recommend that you seek your accountant’s advice as to which method is best suited to your business.
This is likely to depend on the amount you spend on qualifying plant and machinery (not cars) in this financial year. From 1 January 2016, the Annual Investment Allowance (AIA) was changed to £200,000, meaning that you can claim 100% first year capital allowances on spends up to £200,000. Therefore if you spend less than this, it is likely that hire purchase would be the best option to accelerate your tax relief.