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Leasing vs. Buying
The most obvious advantage of leasing over buying is that
it doesn't require the same substantial — and, for high-end
equipment, sometimes massive — cash output. Purchasing
equipment outright can be financially unsettling to businesses
working on a stable budget. Leasing lets you get the equipment
you need without hurting other departments such as payroll,
upkeep or inventory, and at a cost that is much easier to
absorb.
Tax Advantages
Leasing can provide many tax advantages for your business.
These advantages vary depending on the nature of your business
and the type of lease you choose. Check with your accountant
to determine the best lease for your specific situation, or
talk to one of our representatives. Your success is essential
to our success, and we’ll work with you to maximize any
tax benefits you may receive. As a general rule of thumb,
shorter-term leases, in the range of 36 months, are the most
advantageous.
Flexibility
One of the greatest benefits of leasing equipment is that
a lease can be crafted to fit the needs of your business,
which is obviously not the case with direct purchase. Our
Leasing Primer describes
some basic differences between the types of leases we offer.
Always remember that at Bankers Leasing we pride ourselves
on our ability to create a lease that will work best for you.
The more successful your business is, the more successful
we are.
For a more detailed look at the advantages
leasing has to offer, please visit our partner site, ELFAOnline, the website of the Equipment Leasing and Finance Association.
Reliability
If you’re curious about the history of Bankers Leasing
or our reputation, please visit our About
Us and Why Bankers
Leasing sections. We also recommend contacting the Better
Business Bureau and Dun
& Bradstreet to research any leasing company you’re
considering. We’ve worked hard for years to ensure that
our reputation will speak for itself.
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