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Why Lease?
Purchasing engine testing equipment for your company can tie up monthly cash flow and quickly drain capital from your business. Research shows that 85% of businesses choose to finance equipment and software through leasing. As a matter of fact, a recent survey showed 50% of small to medium-size enterprises were more likely to utilize leasing of any other purchase method. Here are just a few reasons why:
LEASED EQUIPMENT PAYS FOR ITSELF. A lease enables you to pay for equipment with the profits or savings it generates. Remember, it’s the use of the equipment - not the ownership - that generates profits!
LEASING IMPROVES YOUR COMPANY’S CASH FLOW by letting you acquire equipment immediately and still preserves your working capital. Most leases offer 100% financing with no large down payment; you can use your cash to finance your Firm's internal growth.
FLEXIBILITY / CONVIENENCE You choose the length of the term based upon your Firm's cash needs, long and short term goals. The longer the term, the lower the payments; you can select a term that best fits your situation; and unlike most bank loans, leases can be structured with minimal amount up front and be inclusive of soft costs. Our one-page application and simplified documentation is straightforward, and minimizes the time you spend filling out forms.
Avoid Payment IN ADVANCE Leasing equipment is like hiring employees. You pay employees a monthly wage for work produced during a given month. Leasing provides the same option by letting you pay for the use of a product as it produces - over time. Paying cash for equipment that will be used for years is like paying an employee for years of service - in advance.
LEASING SIMPLIFIES BUDGETING. With a known, fixed payment for the term of a lease, budget figures are easier to project. Leasing also eases budget and administrative constraints and avoids loan covenant restrictions.
TAX TREATMENT Payments relating to operating leases go directly to the bottom line and therefore reduce your tax burden. Or you can maximize your tax deductions under IRS Tax Code Sect 179 with a capital lease. Speak to your accountant about tax benefits of these types of financing.
Ask your Go Power Systems Sales Engineer for more details about leasing your engine testing equipment.
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