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When you
lease, you can:
-
Have an additional
source of capital, leaving your bank lines free for short-term working
capital needs.
-
Minimize initial cash
outlay - Leasing generally requires only one or two payments upfront,
which are applied to your future payments instead of the 10-20% down payment
usually required by the banks.
-
Realize significant
tax savings - Monthly payments on operating leases are typically viewed
as operating expenses, unlike loan payments, which could mean significant tax
benefits for you. You should always consult with your financial advisor to
determine the most tax-beneficial lease for your company
-
Finance 100%
of your costs
- In most cases, the full amount of the equipment, as well as the service,
shipping, installation costs and maintenance can be included in the lease. This
spreads the cost out evenly over the term of the lease freeing up your money to
work harder for you.
-
Avoid the risk of your
equipment becoming obsolete -
When you buy equipment, you run the risk that new technology will render your
equipment obsolete within a few years, leaving you with equipment that no
longer meets your needs and that is difficult to sell. Leasing allows you to
replace or upgrade equipment to keep your business competitive.
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