What are some of the benefits of leasing equipment?
A benefit of leasing a piece of equipment versus purchasing it is that you will not be required to make a down payment, which can range between 10% and 25% of the value of the purchased item. Normally with leasing you pay one or two lease payments in advance, and perhaps some applicable license or sales tax fees. But, the out lay of cash is much less than that of a purchase. With leasing, you also get a bigger bang for your buck. That is you can either get the same equipment for a smaller monthly payment, or you could upgrade to a better product for the same monthly payment. You can also reap the Tax benefits that come with leasing equipment. Tax laws provide much better tax benefits for leasing equipment for business use than the depreciation schedule that is applied to purchased assets. With a lease, your payment is fully deductible. Another benefit of leasing is that it eliminates the necessity of of selling or trading-in depreciated equipment. With a closed end lease, it is the lea
