Benefits of Leasing
1. 100% Financing
When you borrow money from a bank, the bank usually require a 10% to 20% down payment. With leasing, your first payment is usually all that is required at the time of signing.
2. Improves Your Capital Position
Leasing helps you spread out the acquisition cost of your equipment over time, freeing up valuable capital for emergencies and opportunities. Cash in the bank helps you weather the unexpected.
3. Simplifies Budgeting
Lease payments remain fixed over the term of the lease, which makes budgeting cash flow requirements easy.
4. Preserves Existing Credit Lines
You are able to get the equipment you need today without tying up other valuable credit lines.
5. Protects Against Obsolescence
You can upgrade your equipment at any time without a penalty. Stay ahead of the competition with current products and technology.
6. Tax Advantages
Depending on the circumstance, lease payments may be 100% tax deductible as an operating expense. Consult your accountant regarding the nature of deductions for your situation.