Garage Support Newsletter 6 2021

Payment options Did you know, we can provide finance and payment options? Over 11,000 garages have taken out a business loan over the last 12 months but this option might not always be the right thing for your business. But there are alternatives out there for you... Buying any new piece of garage equipment can be a significant investment for your business, but what if you need that equipment to: add a new service to your business, keep up to date with vehicle technology advancements, or upgrade an existing piece of equipment? The Easy Start Scheme is a solution that can make purchasing new garage equipment simple and affordable. Our finance options allow you to purchase what you need to meet your business demands and in turn grow your business by offering an initial low start finance plan on the equipment you purchase.

6 month Buy Now Pay Later example ■ Air con machine price inc. VAT £1590.00 ■ Total Buy Now Pay Later £1590.00 ■ Deposit £244.80 ■ Total after deposit payable £1345.00 due in 6 months Buy Now Pay Later Buy now and pay nothing for 3 or 6 months. £500 minimum spend.

Extended Payment Plan Split your payment over 12/24 months for a limited company or 10 months for Sole Traders. This is all done through a credit agreement. £1200 minimum invoice value.

Split Cheque Pay for your purchase in three instalments using three post- dated cheques. £500 minimum spend. Deposit payable is the VAT amount.

Your Payment Options

Save Money with Super Tax Deduction As well as payment plans and finance options, you may also be able to save some money through Super Tax Deduction. The government is encouraging Limited companies to make investments in plants and machinery. Super Tax Deduction allows companies to claim 130% capital allowances on qualifying purchases so for every £1 a company invests, their taxes are cut by up to 25p. Contact your accountant to find out if you can claim Super Tax Deduction.

Easy Start Scheme Spreading the cost with our Easy Start Scheme. This enables you to pay while the new equipment starts to generate additional income. ■ £100 per month. Low start for the first six payments ■ Upgrade your garage equipment as previously planned ■ Faster business opportunities

through new equipment and additional services.

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