All businesses are constantly making purchasing decisions. Whether it is new computers or office equipment, machinery for a factory or a fitting out a retail outlet, there are many buying decisions that need to be made. Many business owners do not realise that many items could actually be leased instead of bought.
Did you know you could lease your software and additional upgrades? Or that your total office fit out could be leased and paid in monthly instalments instead of a lump sum?
There are many benefits to leasing that need to be considered. Some of these advantages include:
Upgrade as technology changes
If you find that you need to upgrade to newer technology, you can easily upgrade your equipment if you are leasing. If you had bought the equipment or software you would be left owning it and needing to offload or dispose of it. It is easier when you don’t have to worry about the equipment at the end of its useful life. LeaseChoice ensures the disposal of your item in an environmentally friendly manner.
Easy monthly payments
Instead of blowing a hole in your cash flow with a lump sum payment, when you lease an item, the amount is paid monthly over the term of the lease.
100 percent tax deductible
Did you know that your monthly repayments are a tax-deductible expense? The amount does not come out of your capital budget and hence does not affect your balance sheet.
Lease vs Buy Analysis
LeaseChoice has been offering business equipment leasing to Australian companies for over 10 years and has a team of advisers who can assist in your financing decision.
LeaseChoice has developed a lease vs buy analysis to help you decide what is best for your business, which will help you decide what sort of lease is best for your business. Leases include:
• Operating Lease
• Finance Lease
• Commercial Hire Purchase (mainly motor vehicles)
With the Lease vs Buy Analysis you can graphically see how each option works and compare it with buying. Click here for a free analysis: http://www.leasechoice.com/lease_vs_buy.htm
Financing your lease
Many banks and financiers make the whole process of applying for business finance cumbersome by requiring many documents and financials. With the LeaseChoice Approve ‘n’ Go program, if you meet the following criteria you can be approved in 10 minutes over the phone:
• Trading for a minimum of 3 years
• Home owner
• Clean credit history
If you meet these criteria, you can be approved for up to $50,000. For more information click here http://www.leasechoice.com/approvengo.htm
Receive a free $200 Myer gift card if you lease through LeaseChoice before the end of the year. For more details go to http://www.leasechoice.com/giftcard200.htm