Taurus Clearer Communication Ltd – An IT and telecoms provider in the South West explains how and why leasing business equipment is so beneficial.
Taurus Clearer Communication Ltd is an IT and Telecoms provider in the South West that creates voice, data and network solutions for business and education. Taurus has been working with Tower for over 12 years and has found that leasing with Tower has been a win-win model for both our business and our customers. Tower’s rates are competitive and acceptance levels are high allowing us to provide lease options for customers who may not have previously had access to long term finance.
Leasing is a great alternative to buying equipment upfront due to the cost savings and flexibility it provides. When a customer approaches us with a limited budget we are able to tailor the monthly rate to suit them. This way, customers can remain cash rich as they don’t have large upfront costs. As the economy is recovering, businesses need to retain liquidity to spend on growth and investment and leasing makes that possible. Not only this, but leasing can actually end up costing significantly less than an upfront purchase due to tax relief. Due to the way the depreciation is calculated, the tax relief on lease payments is greater, often negating any extra costs incurred from interest.
The option of leasing is not only beneficial to our customers but beneficial to us. We have the advantage of being paid immediately when the kit is installed (Tower is great at paying without delay) Offering financial flexibility to customers allows us to cater for a larger variety of businesses. What’s more, leasing give us knowledge to better manage our customers; staying close to them and being able to offer appropriate upgrades or new leasing options at the right time. This helps both our customers and also our business by boosting customer retention.
