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WL520A - Heavy Duty Electronic Variable Speed Wood Lathe

Prices for store pick up
(not including delivery or shipping)

WL520A - Heavy Duty Electronic Variable Speed Wood Lathe

The WL520A Series is a truly classic lathe and ideal for education, featuring a fixed head for outboard turning. It has been designed to offer large capacities and support for heavy work in a traditional configuration that is familiar to woodturners worldwide. Combined with modern construction and high-quality electronic control, this machine is ideal for the professional woodturner as well as the dedicated enthusiast.

The optional 311mm Lathe Leg Kit is 75mm (3") shorter from the base to suit educational or similar environments where a shorter lathe is more convenient. This can be purchased as a separate optional extra.

Cast iron features heavily in the construction of this machine, including the headstock, tailstock, and cast bed. The splayed legs give further stability, with an opposing asymmetrical design to spread the load and counteract the forces generated by this formidable lathe.

Our finance partners can arrange funding to acquire equipment at competitive rates. We can offer loan, lease and hire purchase agreements to suit our customers needs.

*****We have a handy leasing calculator available on request help identify the monthly costings and tax savings*******
The Tax Benefits of Leasing explained

Leasing converts a large capital expenditure into small monthly payments. Hence the company has the profit-making equipment immediately and keeps their cash reserve available.

Rather than investing the precious cash reserves in depreciating assets, the company can use them to help increase profits.

Lease Rental is 100% Tax deductible

The main reason that the majority of companies lease rather than purchase equipment is that they use leasing as a method of reducing their tax bills. This is because lease rental is 100% tax deductible, and all payments made for the equipment are written off against the company’s tax bill. For any profit making business, this means a substantial saving in the real cost of acquiring equipment by lease rental. This could mean a saving of between 20-40% of the lease payments, depending on the rate of tax you pay*.

Payments on qualifying leases are written off as direct operating expenses, rather than a debt or outstanding liability, thus reducing short term taxable income.
Any capital allowances are passed on to you, and lease payments can be offset against taxable profits. VAT can also be reclaimed on monthly payments. This status as a “lease” as opposed to a “liability” on a company’s balance sheet is something the banks like to see, which is why an operating lease can be attractive. For this reason, leasing is often referred to as ‘off balance sheet’ financing – a tremendous advantage to both large and small businesses

Ownership at the end of the lease

Lease rental is just that, a rental or hire agreement. Title of the goods remains with the Lessor (either Kennet or assigned to a bank), which means the equipment does not show on the companies balance sheet, therefore not needing to be depreciated over a fixed period. If Kennet broker the funding, they are the “third party” involved within the lease agreements. In effect, Kennet buys the equipment from the supplier and then sell it on to the customer. This means that the customer can take full advantage of all the benefits of leasing but still owns it at the end.

The disadvantage of buying equipment outright

The disadvantage to buying equipment out-right, is that the capital invested becomes a depreciating asset. This is an asset that’s value decreases over time.
The total amount that assets have depreciated by during a reporting period is shown on the cashflow statement, and also makes up part of the expenses shown on the income statement. The amount that assets have depreciated to by the end date is shown on the balance sheet.
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How the tax advantages of leasing works – in numbers
You lease a machine that costs £5,000 + VAT, over a 3 year term.
The monthly payments would be £162.50 + VAT over 36 months
Total paid over the term of the lease £5850
20% tax can be reclaimed on the total lease payments over the 3 years, so a total of £1170
Therefore the net cost of the lease is £5850 – £1170 = £4680*
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*Your accountant will be able to provide more information. This information is provided for guidance only.
For more information, call Mark Suckley and his team at Kennet Equipment Leasing on 01675 469215 or email marksteam@kennet-leasing.co.uk.

All prices are quoted EXWORKS Bacup. You can arrange your own collection or if preferred we can arrange delivery.

We have Transport partners with a variety of vehicles including HIAB. Please enquire for a quotation.

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Features

Features

  • Extra Heavy Duty Spindle With QUATRE Precision Bearing Support
  • Rock Solid Headstock Features Indexing And Hand Brake Wheel
  • Easily Accessible Motor Inside The Cabinet Rather Than On The Headstock
  • Electronic Variable Speed Is Achieved Using The Premium Quality European Made Schneider Inverter, The Industrial Solution To Variable Speed Control

Specification

  • Standard Legs (386mm High)

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