Benefits of Test Equipment Leasing
Business managers have learned that higher productivity and profit come from using equipment - not owning it. Leasing equipment offers a number of significant bottom-line benefits that purchasing does not.
Tax Advantages
Rather than deal with depreciation schedules and Alternative Minimum Tax (AMT) problems, you simply make the lease payment and deduct it as a business expense.
Conservation of Working Capital
Leasing keeps lines of credit open because your cash is not tied up in equity, and you avoid costly down payments. With other advantages such as off-balance sheet financing, leasing helps you better manage your balance sheet.
Flexibility
Companies have different needs, different cash flow patterns and different income streams. Leasing provides the use of equipment for specific periods of time at fixed payments that are based on your individual needs and circumstances.
Practicality
By leasing, you are free of ownership risk and responsibility, which allows you to concentrate on making your business more productive.
Growth-Oriented
Leasing allows you to stay on the cutting edge of technology. The risk of working with obsolete equipment is lower with leasing because it better allows you to upgrade or add equipment as needed.