Leasing options are available from independent third party leasing companies. Competitive rates with a variety of lease options such as deferred payments and seasonal payments are offered.
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Benefits of Leasing:
Leasing allows you to buy today’s technology with
tomorrow’s dollars. The monthly benefit from a Point-of-Sale system usually
justifies and exceeds your lease payment. With leasing you can get the
equipment you need now without disturbing your present bank credit lines.
Preserving your bank lines for other possible uses means the same thing to
you as expanding available credit. Leasing provides 100% financing.
Practically any other financing requires a substantial down payment. Lease
financing typically requires one or two advance monthly payments. With
leasing you get a longer term, up to 60 months, resulting in lower
payments. Cash and machines are working assets - with no cash tied up in
your equipment, you have both assets working for you.
· Tax Benefits of Leasing: Current Section 179 depreciation rules allow you to expense the first $105,000 in equipment/software acquisitions. In most cases you will be able to deduct the entire cost of the system the first year. This applies to leases with a one dollar or ten percent purchase option. If you prefer to structure your lease as a Fair Market Value purchase option, you deduct your monthly payment as equipment rental expense. Consult your tax advisor for more information.
· Credit Requirements: For most leases, for companies with a minimum of two years in business, there is a single page credit application for leasing up to $75,000. For customers under two years in business, terms are usually 36 months with three months advance payments. Additional credit information may be required for new businesses.
