Leasing allows you to:
Get a Tax Break
In most cases, lease payments may be deducted as an operating expense making payments 100% deductible. This means you realize a lower after-tax cost of the equipment due to an accelerated write-off over the lease term.
Conserve Your Capital
Leasing preserves capital to invest in profit generating opportunities. Working capital intended for equipment purchase can be retained to earn a higher rate of return.
Make Budgeting Easy
Lease terms, payment streams and options can be tailored to meet most budgets. Also, regular lease payments simplify accounting procedures, eliminate depreciation scheduling and ensure consistent control over equipment expenditures.
Preserve Your Cash Flow
Leasing opens new credit lines which usually require no down payment or outside collateral. A lease is independent from other sources of financing, it extends credit limits, leaving more traditional sources open should they be needed. An established lease account can make it very easy to acquire more equipment when it is required.
Upgrade to New Technologies
It is easy to upgrade your equipment so you can operate with the most up-to-date equipment. You get credit for the amount you have paid off on your old equipment and the new equipment will be incorporated into a new lease.