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What are the benefits of leasing?

Benefits leasing
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What are the benefits of leasing?

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Perhaps the biggest advantage to leasing is that it typically means a lower monthly payment than financing, as you’re only paying for the portion of the vehicle’s “life” that you actually intend to use. Leasing also allows you to drive a new vehicle without making a big down payment, and if your vehicle is used for business, leasing can potentially offer attractive tax benefits as well. Most significantly, many customers simply find leasing more convenient than ownership. Since most leases last two to three years, drivers who stay within their lease’s mileage limits can count on full warranty protection for as long as you drive your Infiniti. Furthermore, vehicle depreciation is never a concern, and there’s no hassle when your lease is over — you merely return the vehicle to your dealer, pay any remaining fees and taxes, and walk away.

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• Retain your capital, no large outlay of capital to obtain equipment. • Secure the equipment that you require now; use it to earn revenue, rather than putting acquisitions off until you can fit a purchase into your budget. • Use Lease Rental Payment for tax write-off purposes. • Lease payments and terms can be tailored to meet the tightest budgets. • Leasing keeps your bank lines open for operating expenses, rather than investment in depreciating assets.

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A. . It is estimated that up to 30% of all assets in Canada used for business purposes are leased, and 80% of Canadian companies report that they lease some or all of their equipment.

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