You have questions and we have answers! Here are a few basic leasing questions and answers. Please give us a call to discuss your needs and we will be happy to assist you.
WHY LEASE?
Leasing can help your company's financial picture by matching the terms of the lease with the useful life of the equipment, and also providing 100% financing which in turn enhances your company's financial position. Leasing requires less in capital dollars than any other method of financing.
WHAT INTEREST RATE AM I PAYING?
Because a lease is considered a rental agreement, there is no true interest rate attached to a lease transaction. In the leasing industry a "factor" is used to calculate the monthly payment, which can vary based upon the equipment cost, term, time in business or your financial condition.
ARE MY MONTHLY PAYMENTS TAX DEDUCTIBLE?
Unlike borrowed funds, lease payments are normally treated as a business expense that comes out of your pre-tax income instead of your after-tax profits. This means that your lease payments may be tax deductible as a business expense. Check with your tax consultant to get the exact benefits of your equipment lease.
WHY LEASE?
Leasing can help your company's financial picture by matching the terms of the lease with the useful life of the equipment, and also providing 100% financing which in turn enhances your company's financial position. Leasing requires less in capital dollars than any other method of financing.
WHAT INTEREST RATE AM I PAYING?
Because a lease is considered a rental agreement, there is no true interest rate attached to a lease transaction. In the leasing industry a "factor" is used to calculate the monthly payment, which can vary based upon the equipment cost, term, time in business or your financial condition.
ARE MY MONTHLY PAYMENTS TAX DEDUCTIBLE?
Unlike borrowed funds, lease payments are normally treated as a business expense that comes out of your pre-tax income instead of your after-tax profits. This means that your lease payments may be tax deductible as a business expense. Check with your tax consultant to get the exact benefits of your equipment lease.
