The advantages of leasing your equipment and other business assets include the following: |
The disadvantages of leasing your equipment and other business assets include the following: |
The main advantage of leasing is that your initial outlay of cash to gain the use of an asset is generally less for leasing than it is for purchasing. ... |
Let's assume you're faced with the following lease-or-buy decision. You can purchase a $50,000 piece of equipment by putting 25 percent down and paying off the balance at 10 percent interest with ... |
Our advice for finding a good leasing arrangement is really no different from our advice on purchasing in general. The first step is to determine as nearly ... |
Under a typical equipment lease, you generally are entitled to currently deduct your rental payments if you use the leased property in your business. However, you need to be aware that, in certain ... |
If you're going to invest your precious capital in purchasing equipment, you want to be sure that you do all you can to get the best deals for your money. You can go a long ways toward achieving this ... |
As you shop around for equipment deals, don't overlook the used equipment market. Depending on the item, you may be able to purchase used equipment for a fraction of what you would have paid if the ... |
Unless you're in the position of having had a vendor immediately agree to sell you the specific equipment you want for the price you're willing to pay, you're going to have to negotiate. If you've ... |
As you plan your equipment purchases, keep in mind that Uncle Sam will help you out by letting you deduct some or all of the equipment's cost on your federal income tax return. Your state tax agency ... |
