Leasing provides distinct advantages over traditional bank financing and paying cash. Tempus Financial Group, Inc. will help you understand these advantages and make an informed decision about which option is best for your company.
Benefits of Leasing:
Leasing typically requires only your first and last payments down as opposed to a 10-20% down payment required by banks.
Lease payments are fixed at the beginning of the lease so they will not fluctuate with market interest rates. This provides peace of mind and the ability to accurately project cash flow and debt obligations.
Lease terms are flexible and we can tailor a payment and keep costs low by extending the term and/or adjusting your end of lease purchase option.
Leasing is far less restrictive than bank financing. Our interest lies only in the collateral you finance, so there are no restrictive covenants preventing you from acquiring additional equipment down the road, or requirements of approval for taking on additional debt.
Leasing preserves your cash on hand for operating expenses and unforeseen investments or spur of the moment cash needs. Use leasing for your long term assets and keep your money where it belongs… In your company.
With a lease you can finance 100% of the cost to acquire the machine, including sales tax, delivery, installation, and even training.
In most cases your full lease payment is deductible. This deduction often outweighs the tax benefits of ownership and depreciation. It is important to contact your tax advisor to determine the correct tax treatment of each lease.
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