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When shopping for equipment for your business you will be faced with the decision of how to pay for the equipment. Leasing might be the best option to help your company grow much faster than if you did not lease any equipment at all.
When done right, leasing is about more than just getting the latest in tools or technology. It's also about investing in other areas of your business that are often neglected because they don't immediately pay off like new equipment does. As your business grows and expands, you will be able to trade in that old piece of equipment for a newer one and pay less down!
Your lease agreement will help you keep your debt payments on track. Leasing gives you the ability to make smart choices and focus on long term success without having to worry about sinking your business into debt or bankruptcy because you cannot afford essential pieces of equipment.
Take a moment to consider: what do you do when a piece of equipment breaks in your company? Sometimes this means going into debt because you need to replace the device as soon as possible. Leased equipment allows you to replace it with a new one and keep on working without having to wait for the bank or the credit company to approve your loan.
Additionally, leasing offers tax benefits. Tax deductions can be taken immediately, lowering your taxable income so you can save even more money.
Interested in leasing a new piece of equipment? Contact us today or call one of our personal funding managers at (858) 345-6338.
When someone pays cash for something, they are making a cash transaction. Lending is the act of paying for a product or service and agreeing to repay the other party with interest later. Leases are agreements in which one party rents property from another party for a set period of time and pays monthly payments until the lease expires.
