You rely on equipment and technology every day to operate and grow your
business but the value of those products comes from using them, not owning
them. Leasing offers numerous advantages over other financing methods including:
Retain Capital Strength
Purchase the equipment and technology you need today while spreading your payments
affordably across time. This allows you to reserve your capital for other day-to-day
expenses. Because a lease is not considered a long-term debt or liability, it does
not appear as debt on your financial statement, making you more attractive to
traditional lenders when you need them.
Speed
Leasing allows you to respond quickly as your need for equipment and technology arises.
You can be approved for financing within hours through minimal documentation and you
can have the equipment you need in operation and producing profits for your business,
quickly and without hassles.
Flexibility
As your business grows and your needs change, you can add to or upgrade your lease at
any point through add-on leases or master leases. If you anticipate growth, be sure to
negotiate that option when you structure your lease program. You also have the option
to include installation, maintenance and other services, if needed.
Avoid obsolescence
Leasing is an extremely attractive option for all your computer hardware and software
purchases because technology becomes outdated very quickly. With a lease, your risk
of getting caught with obsolete technology is lower because you can build upgrades
and add-ons into the lease.
Customized solutions
Leasing allows you to structure a financing program that addresses your key business
issues, including: cash flow, budget, transaction, and cyclical fluctuations. For
example, some businesses request seasonal leases, which allow them to schedule their
payments during their busiest months allowing them to better align their expenses
and revenues on a monthly basis.
Tax advantages
Write off up to $112,000 on your 2007 taxes. The IRS does not consider an operating
lease to be a purchase, but rather a tax-deductible overhead expense. Therefore, you
can deduct the lease payments from your corporate income. Consult your tax advisor
about your specific situation.
Asset management
A lease provides the use of equipment for specific periods of time at fixed payments.
It assumes and manages the risk of equipment ownership.
To learn more about our leasing options, contact your TLC sales representative today!
|