Garage-equipment leasing
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TN view of recent Government changes in initial and investment allowances for income tax purposes, Brown Brothers, the motor trade factors, have announced the following alterations to the garage-equipment leasing scheme operated by them in co-operation with Bowmaker (Commercial) Ltd.
For equipment valued at £500 to £999, the minimum primary leasing period is five years60 monthly rentals of £2 5s. per £100 of cash price. Secondary period rentals are £5 per year. For equipment valued at £1,000 and over, the minimum period is five years-60 monthly rentals of £21 19s. 10d. per £1,000 of cash price, with secondary periods at £5 per year per £1,000 of cash price.
For sums of less than £500 it is possible to use Brown Brothers' own hire-purchase scheme. Further information can be obtained from Brown Brothers Ltd., Great Eastern Street. London, EC 2.