We at Peter Cox Catering Equipment are pleased to partner with Oxford Funding Ltd to offer a comprehensive range of finance options on all purchases over £500.
Oxford Funding are specialists in financing catering equipment, with over 25 years in the business. As an independent broker, they are dedicated to sourcing the best deals for you – sharing our customer-focused, honest and friendly company values.
Getting finance on your equipment through Oxford Funding is quick and simple. One call to them is all it takes. They shop around for the best deals for you and can get approval the same day.
You can enjoy your new piece of equipment without the large cash outlay by financing your purchase. Using finance means you can keep your cash reserves for when you really need them.
With a fixed interest rate for the term of the finance, you are able to budget better for the years ahead. It’s also far cheaper than using your business account’s overdraft.
Using finance to buy your equipment can mean you can claim tax relief on it. As leasing (financing) is an allowable business expense, it’s eligible for tax relief for the whole term of your finance agreement.
How much will it cost me?
Oxford Funding has put together an example of how much a £5,000 finance package (plus VAT) could cost you:
| Fixed Term Lease | 2 Year | 3 Year | 4 Year | 5 Year |
| Initial payment | £751 | £537 | £447 | £382 |
| Monthly rental | £250 | £179 | £149 | £127 |
| Weekly equivalent | £58 | £41 | £34 | £29 |
Because of the tax relief you can claim on leasing equipment and the interest (Return On Capital Employment (ROCE)) that you don’t lose, it’s actually much better financially to lease. Here’s how the figures add up:
| Cash price | £5,000.00 |
| Tax relief | £488.00 |
| Lost ROCE | £1,655.00 |
| Net cost of paying cash | £6,167.00 |
| Total rentals | £6,966.00 |
| Tax relief | £1,393.00 |
| Net cost of leasing | £5,572.15 |
(Figures are based on a three year lease, with highest tax rate of 20%, capital allowance of 20% and ROCE of 10% per year).
Try out this handy Interactive Calculator for an estimate for leasing with Oxford Funding.
Simply give the team at Oxford Funding a call. They are a small, family-run company, so there are no automated phone lines – just an honest, friendly service where finance is turned around quickly and getting the right deal is their number one priority.
Call: 01242 226662
Email: mail@thefundingco.co.uk
Website: www.thefundingco.co.uk
