| With financial institutions clamping down on business | | | | Business managers often want a quick answer to the |
| loans, more and more companies are considering | | | | question: How much does it cost to lease equipment? |
| equipment leasing as a favorable option to get the | | | | It's important to determine the cost before you fill out |
| business equipment they need without the big up-front | | | | the paperwork. Businesses should be aware of |
| cash expense. | | | | payments and rates so they can appropriately budget |
| Businesses considering equipment leases are in good | | | | for the cost. |
| company. In fact, eight out of ten U.S. companies are | | | | Fortunately with on-line tools like the Equipment Lease |
| currently leasing some of their business equipment.* | | | | Calculator, businesses can quickly and easily |
| With the ability to pay-as-you-go as they use their | | | | approximate costs for their major equipment |
| equipment, leasing can not only help businesses survive | | | | purchases. |
| in uncertain times, it can help them manage cash flow | | | | Using the lease calculator |
| in preparation for economic recovery. | | | | Simply enter the cost of the equipment you are looking |
| Lease payments on equipment are a fully tax | | | | to finance and the calculator will instantly provide |
| deductible expense in most instances (businesses | | | | approximate quotes for 24, 36, 48, or 60 month leases. |
| should check with their tax advisor for details.) | | | | For example, if you are planning to purchase a copier |
| Businesses often consider leasing high-dollar equipment | | | | with a purchase price of $5,000. Enter "5000" into the |
| that is used over a period of several years, such as | | | | calculator and it will produce these results: |
| computers, printing presses, restaurant equipment and | | | | Monthly amount for $ 5000.00 purchase: |
| or construction equipment. Leasing allows these | | | | 24 months = $ 260.00 |
| businesses to conserve precious working capital for | | | | 36 months = $ 188.50 |
| other needs, guard against obsolescence and increase | | | | 48 months = $ 151.00 |
| their financial flexibility. | | | | 60 months = $ 131. |
| How much does equipment leasing cost? | | | | |