The understanding and tax advantages of leasing finance are used by the smart businessmen, managers and executives.
Tax implication for purchasing
· Equipment purchased become a tax burden
· Pay Higher Tax Bill
· Increase your debt level
· It weaken you credit rating.
Tax implication for Leasing
· Lower your tax obligations
· No effect on your personal credit rating whatsoever
· Keep your capital in the bank for a rainy day
· Make small monthly payment
· Give your business the opportunity of remaining competitive
· No future inventory hassle
· Option to purchase, upgrade or expand when lease expires.
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