Contact Liberty Business Financing at (586) 484-7887 if you are interested in business equipment leasing in Oakland County, Michigan.
Business Equipment Leasing
Looking to equip your new business? Whether you need computers, desks, machinery, or a vehicle, you want to make cost effective purchasing decisions. Why not consider business equipment leasing instead of buying it?
Here is some information to help you decide if leasing is right for you.
Benefits of Business Equipment Leasing
Aside from a reduced cash outlay, there are many benefits to leasing equipment:
•Leasing can save you the time and hassle involved in finding someone who will extend you credit for purchasing equipment.
•You can keep pace with emerging technology.
•Short-term leases give you the opportunity to evaluate whether the equipment fits your needs.
•Maintenance may be included in the lease, saving you additional costs.
•If you use the leased asset in your business, you may enjoy a potential tax advantage because your lease or rental payments are fully deductible.
Leasing also has its disadvantages. For example, the lifetime cost of the asset is generally going to be higher than if you purchased it. You are also giving up any ownership interest, which can be especially costly if you rely on the equipment and find at the end of the lease that the equipment is too expensive to purchase outright. You may also find that you lose the tax benefits of depreciation deductions. source: sba.gov
If you would like low monthly payments for leasing business equipment in Oakland County, Michigan please call Liberty Business Financing at (586) 484-7887 today for more information. You may also click here to learn more about our business equipment financing programs. Our dedicated business equipment financing team is ready to help with any business equipment leasing questions that you may have.