We think the best option is to save time and money by leasing your next purchase. Here’s why:
Financing Leasing allows you to avoid large cash downpayment. The entire cost of new equipment can be financed. This includes taxes, shipping and equipment setup. If you opt for bank financing, these may be separate fees.
The Simple Route Leasing requires less paperwork and usually has less stringent credit requirements than bank financing. Most leases are approved in 24 to 48 hours while bank approval can take weeks.
Saves The Business Line Of Credit Your business line of credit can remain free for buying supplies, hiring more personnel, or for marketing your business.
Pay For The Equipment While You Use It When you lease equipment, you are paying for it as you get to use it. You don’t have to worry about sacrificing a large cash outlay before you even receive the benefits of the equipment.
Taxes You’ll be able to deduct 100% of the leasing payments for your Viper. When purchasing equipment outright, your tax benefits will usually not be as substantial due to depreciation rules.