Equipment Leasing
Equipment leasing offers great tax advantages as well and keeps cash flow where you need it.
It is pretty simple for a business to get approved for an equipment lease because the collateral is the equipment itself. Many start-up businesses struggle to obtain financing because they don't have a lot of up front collateral to use when securing these loans.
The process of getting approved tends to be quicker than an average loan, so your business can focus on generating profits, instead of worrying about where the equipment will come from.
Leasing Office Equipment : Why Lease?
Four Reasons Businesses Choose Leasing
- Computers become obsolete in 18 months today - by leasing computing equipment, you avoid the costs of replacement every year and a half, as well as the headache of getting rid of the old equipment.
- In start-up businesses, the cash flow inherent in retaining $40,000 and paying only $10,000 for leased equipment pays off big time compared to outright buying things for $40,000 and keeping a cash flow of only $10,000. How hard is it to keep things going when you're billing net 30 and only have $10,000 in the bank?
- Leased equipment allows you to try it before you buy it. You're not stuck with something that does not work for you if you make a mistake.
- In an office, leasing instead of buying equipment is especially wise in many different situations. In new businesses, you may not be certain that new expansion is going to work out, or you may be concerned about how much cash on hand you'll have. Or you may flat be unable to afford it, but you need it and it will make you money.
If you can dream it, we can lease it!
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to learn more.
Three More Reasons to Lease
- You can write off your leasing expenses on your taxes, whereas your outright purchases have to be spread out over five years worth of taxes. You can have your accountant do the math to see how much this will play to your advantage.
- You can lease equipment in an office for the same reason you hire temps: because you don't know whether your new expansion will stick, or because you need it to fulfill a time-limited contract.
- If you lease copy machines and similar high tech equipment, you can always go back and exchange for something else, and most leasing companies also include service when they sell you equipment. Because of the service agreement, you can fix your costs, a predictability that can be invaluable in the running of a business. It also makes you inflation-proof, something that is a definite concern right now.
Leasing: A Brief Summary
Your Leasing Questions
Have an equipment leasing question? Want to comment on our lens? Say your piece!
BamaBabiesAndBirthdays wrote...
I had never really thought of business leasing much until my sister started working for a business leasing company. It makes sense though. Get what you need now without the big expense...leasing is the way to go!
Posted September 22, 2009
alumnigifts wrote...
Our business leases some of our equipment. It helped us a ton when we were starting because it freed up money for advertising and I'm glad we made that choice.
Posted July 30, 2008
Cris_Stanford wrote...
My company started leasing computers last year. I wish we had found your lens first, there's lots of good information here. Business leasing can be confusing and it helps to have expert advice.
Posted July 29, 2008
bob_g wrote...
Great advice for business owners. So true, why spend hordes of money on equipment that may be sat in a dusty corner and used on the rare occasion.
Posted July 29, 2008
errand25 wrote...
The leasing option is great for any small medium enterprise, I mean buying equipment can be such a big chunk of sunk cost, on the other hand, leasing means you pay for what you need to use -great lens!
Posted July 25, 2008
StayAtHomeJobs wrote...
Leasing is a great option. There are so many advantages to leasing and many people don't ever realize that they exist. Fortunately, this lens addresses that.
Posted July 23, 2008
GreatGoji wrote...
Interesting lens,Equipment leasing seems an interesting option if you are planning to start a business as it could save alot of money. And you clearly made your points like having less problems with taxes unlike if you're buying equipments.
Posted July 22, 2008
Yahoo-Web-Hosting wrote...
I have a friend who works in the leasing business who does very well
http://www.corporatefunding.com
Posted July 22, 2008
Julieanne wrote...
It makes sense to me, to lease certain equipment. It all depends on the individual businesses' situation of course.
Posted July 21, 2008
Equipment Leasing
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