Leasing equipment can free up cash for more important needs, here are the top ten reasons to consider leasing as an option for your business.
#1 Simple access to finance Leasing companies want your business and keep the paperwork to a minimum.
#2 Keeps cash flowing Leasing avoids big cash payments and preserves your liquidity.
#3 Ease of budgeting Lease payments are fixed, so you can budget and plan with certainty.
#4 Avoid depreciation Leasing and equipment finance is an operating expense with no depreciation to account for or track.
#5 Bundle your solution Bundle all your equipment, accessories and installation into an equipment lease or asset finance agreement.
#6 Be more productive The extra productivity the new equipment brings will help pay for the lease costs.
#7 Avoid obsolescence Lease assets and equipment over their productive life then upgrade at the end of term to new and better equipment.
#8 Evolve with your lease As business needs evolve, you can add on equipment at any stage of the lease term and include it all in one monthly payment.
#9 Tax benefits Leasing is a fully deductible operating expense for tax purposes for a business. Ask your accountant or tax adviser for advice.
#10 Flexibility At the end of an agreement you can choose to upgrade the equipment, extend the lease, make an offer to purchase or return the equipment.