Leasing
Home > Leasing
There are many benefits of equipment leasing. Here are a few:
- Leasing offers 100% financing and more liberal terms than purchase. The equipment pays for itself with the profits it generates.
- Protects equipment from becoming obsolete. Trade-in ,add on, and upgrade capabilities, allow you to make the needed adjustments as your business grows.
- The cost of leasing is a business expense, and is therefore tax deductible for the life of the lease. This is usually shorter than the normally allowable depreciation schedule. That way benefits are accelerated.
- Finance all your costs. Certain expenses such as installation , freight, and sales tax may be included in a lease. Generally these items are not financed with conventional borrowing.
- Rather than tying up your bank line of credit, or using cash operating funds, leasing allows an additional line of credit.