Lease equipment for your business
Did you know that 80% of all U.S. companies lease equipment? These businesses choose equipment leasing because they know it is the simplest, smartest, and most cost effective way to acquire new and used equipment. Why do U.S. business lease equipment?
According to the Equipment Leasing Association, here are the top reasons why companies choose leasing:
- The most frequent reason given is the need for equipment flexibility related to either changes in the business or protection against technological obsolescence.
- Cash flow and financial reasons. Leasing permits a close matching of rental payments to the revenue produced by using the equipment. Leasing keeps debt lines open for working capital rather than tied up in capital expenditures.
- Efficiency and convenience. Companies make money by using equipment -- ownership has become incidental depending on business factors. Leasing companies provide a wide range of services related to equipment that can allow a company to focus on its core business -- not managing equipment. Acquisition, disposition, maintenance, and upgrading are just some of the benefits a lease can provide along with the capital itself.
- Tax Savings. Businesses can write-off up to $100,000 from taxable income through lease financing equipment and technology. Increasingly, companies are strategically purchasing needed equipment and technology with their business lease credit lines, saving them thousands of dollars in taxes each year! Each business should consult their tax advisor for specific tax benefits.