- You get a copier faster, and with less paper work. When leasing office equipment, you have to complete only one form.
- A lease can provide you with 100% financing. A bank loan generally covers only 20-30% of your total cost. Additionally, a lease calls for a 0 - 2 months down-payment, while a bank loan typically requires 50-70% of your total project cost.
- Leases are usually 100% deductible over the term of the lease. Additionally, leases free up your cash, allowing you the means to further invest in your business.
- Technology changes quickly, and sometime you buy the best and latest product, only to discover that a better one was released one a week later. Some leases include provisions to trade up to a newer model, allowing you to upgrade without buying anew.
Monday, August 24, 2009
To Buy or to Lease: That is the Question
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