If you are looking to acquire new equipment or upgrade current equipment, leasing has many financial and tax advantages
Leasing requires a small, or even no down payment.
Depending on the terms, there often is no down payment. On occasion, a down payment may be needed, it is usually 10% or less, of the equipment cost.
Leasing keeps your working capital with you, working.
Because of the large amount of cash needed to purchase new equipment, you can lease your equipment to keep your capital and also keep your existing credit lines open, in case another need comes up.
Leasing may allow up to 100% financing.
Some methods of financing usually do not include costs such as dealer prep, assembly, and freight.
Leasing offers lower payments.
This is because of the tax benefit. Payments on a lease are fixed. This is an advantage because many financing transactions have annual adjustments on interest rates.
Leasing offers tax advantages.
Consult your accountant or tax prepairer for all the advantages for you.
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