Buy now, pay later

Why drain your cash reserves to pay for your office fit-out, when you could spread the cost over several years and turn it into a tax-deductible expense? Leasing fit-outs is not a new concept, but it’s never really caught on ā€“ clients may be wary of taking out a loan or the rigorous credit checks involved, they may not fully understand the financial benefits, and many clients and contractors don’t even know it’s an option. But those contractors and suppliers who do routinely offer it to clients say that it’s a no-brainer for both parties. The availability of finance took a hit during the credit crunch, when lenders retreated from the market. They are now returning, however ā€“ in many cases faster than high street lenders. Leasing companies believe that with capital budgets still tight and limited finance available from other sources, their moment may have come. In this piece for AIS Interiors Focus magazine, I spoke to them, and their clients, to find out whether it really pays off.