pros and cons of equipment leasing
Post on 22-Oct-2014
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Is an equipment lease right for you? Take a look at the pros and cons of an equipment lease and decide if it’s right for your business.TRANSCRIPT
The cost of business equipment is on the rise.
Business owners are looking for alternative ways that they can get the equipment they need.
Without having to empty out their business savings accounts or
mortgage their homes.
For a typical automotive repair shop, the
necessary equipment can run almost $100,000.
If you are starting a construction or other such heavy equipment company, multiply
that by more than 10!
Business owners look into an equipment lease program for the larger things that
you need.
But Is an equipment lease right for everyone?
Take a look at the PROS and CONS of an equipment lease and decide if it’s right for
your business.
New and better equipment.
Equipment can be upgraded easily.
Cost of equipment can be broken
down into monthly payments.
Less initial costs means more
money in your pocket to operate
your business.
Cost of leasing your equipment is usually deductible from your taxable
income.
Equipment leasing companies are in
charge of the maintenance of their leased equipment.
Leases last between 5 and 7 year allows
for the cost of assets to be claimed as
capital allowances.
More costs and fees.
Capital allowances cannot be claimed
for assets on leases that are less than 5
years.
An equipment lease is a binding and long
term contract.
As you can see…
PROSCONS
An equipment lease can get your business the equipment you need to stay COMPETITIVE and remain OPEN.
IF
TO LEASE EQUIPMENT
Look for a reputable
LEASING COMPANYthat has the
best equipment at
the best prices.
www.leasefunders.com888-308-7160