Ringtons Beverages for Business offer highly flexible payment options for coffee machines which can be taken over a one year to six-year period helping you budget and relieving cashflow. With fixed monthly, quarterly or annual payment plans available, we will work with you to provide a coffee machine which meets your needs at an affordable price and our lease deals don’t necessarily mean you will pay more for a machine. Leasing is provided by a third party and subject to approval and acceptance from our underwriting team and following financial checks.
Example payment terms:
Equipment cost: £8,250
Term: 3 years
36 monthly payments of £284.63
Tax relief @ 21%
Lease rental:
Year | Monthly payments | Tax relief @ 21% |
1 | £284.63 x 12 | £717.27 |
2 | £284.63 x 12 | £717.27 |
3 | £284.63 x 12 | £717.27 |
Total Tax Relief £2,151.81 | ||
Paying Cash:
Year | Monthly payments | Tax relief @ 21% |
1 | 18% of £8,250 = £1,485.00 | £311.85 |
2 | 18% of £6,765 = £1,217.70 | £255.72 |
3 | 18% of £5,547.30 = £998.51 | £209.69 |
Total Tax Relief £777.26 | ||
NB: Equipment costs and monthly payments assume VAT should be added. The above are for example purposes only and tax relief is based on 21%. Always seek advice from your accountant or financial advisor.
