Heavy Equipment Leasing - Leasing Your Heavy Equipment is the Best Choice
Another wonderful benefit is the fact the lease payments are tax deductible. A traditional loan is only partially tax deductible. Once again, because of the tax implications you can hang on to more of your money. What can the money in your pocket do for you? Leasing your heavy equipment is the right choice. Always remember to consult your tax professional to summarize the tax savings available to your company.
If you buy your heavy equipment, you run the risk of being left with something that may become obsolete in the near future. If and when that happens, you can't get your down payment back. Also, you don't need to worry about selling your semi-useless equipment. If it's not working for you, then you may have a tough time finding someone that can put your obsolete equipment to use. At the same time, many leases are structured so that there is a one dollar buy-out at the end of the lease term. If you decide you'd like to keep what you have been leasing, you can probably come up with one dollar so that you can become the titled owner.
Last but not least, when you choose to lease the process is very simple. Many times one can acquire a heavy equipment lease with just a simple application (up to $250,000). This means that no financial statements or tax returns are required. Also, start-up companies and those with credit challenges have found equipment leasing to be their best option. If you've been turned down by a bank or credit union and were not able to buy the equipment that your business needs to survive, give leasing a try.
When it comes down to it, heavy equipment leasing is the best choice. This type of financing allows you to hang on to more of your money, has excellent tax benefits, eliminates the threat of obsolescence, and can be very easy to obtain. Take your business to the next level and choose leasing.
Another wonderful benefit is the fact the lease payments are tax deductible. A traditional loan is only partially tax deductible. Once again, because of the tax implications you can hang on to more of your money. What can the money in your pocket do for you? Leasing your heavy equipment is the right choice. Always remember to consult your tax professional to summarize the tax savings available to your company.
If you buy your heavy equipment, you run the risk of being left with something that may become obsolete in the near future. If and when that happens, you can't get your down payment back. Also, you don't need to worry about selling your semi-useless equipment. If it's not working for you, then you may have a tough time finding someone that can put your obsolete equipment to use. At the same time, many leases are structured so that there is a one dollar buy-out at the end of the lease term. If you decide you'd like to keep what you have been leasing, you can probably come up with one dollar so that you can become the titled owner.
Last but not least, when you choose to lease the process is very simple. Many times one can acquire a heavy equipment lease with just a simple application (up to $250,000). This means that no financial statements or tax returns are required. Also, start-up companies and those with credit challenges have found equipment leasing to be their best option. If you've been turned down by a bank or credit union and were not able to buy the equipment that your business needs to survive, give leasing a try.
When it comes down to it, heavy equipment leasing is the best choice. This type of financing allows you to hang on to more of your money, has excellent tax benefits, eliminates the threat of obsolescence, and can be very easy to obtain. Take your business to the next level and choose leasing.
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