Is Leasing the Best Solution for Your Customer?
Article courtesy of Maria Kirley, Leasing Expert with Dominion Lending
For those of you with clients whose fiscal year end is coming soon, now is the time for them to consider leasing equipment for their upcoming year. Leasing conserves capital, and can be a way to reduce the tax bite, as leasing can be listed as an operating expense each month.
Leasing company vehicles - from compact cars to big rigs - is a great way to control the cost of doing business. Rather than buying a vehicle that depreciates in value the moment it leaves the lot, leasing it gives the business-owner the capability of listing the vehicle as an expense the moment the ink is dry on the contract. Most businesses will write off 100% of their lease expenses. For automotive service companies, leasing the service equipment makes sense - with today's rapidly moving technology, some equipment can become obsolete relatively quickly. Leasing frequently enables you to acquire the new equipment you need without having to keep costly equipment working years beyond its profitable time.
Almost anything used to operate your business or generate revenue including machine tools, construction equipment, copiers, computers, software, office furniture, manufacturing equipment, can be leased. From the vehicle you use to get to work, to the phone system you use for customer service; from the diagnostics equipment you use to serve your client to the point of sale system you use to ring in an order... leasing can service the needs of your day, while conserving precious capital you have set up for expansion.
I'm happy to meet with you to determine how leasing can work for your specific situation. Call or email me, Maria Kirley, Dominion Lending (Victoria, BC area) - 250.656.2222 mariakirley@shaw.ca
What's YOUR Willingness to be a Top Performer?
Posted by ProfitDrivers at 10/13/2009 8:51 AM 
Categories: Finance and Leasing
Tags: leasing vehicles leasing buying a vehicle conserve capital businesses write off 100% of lease
Categories: Finance and Leasing
Tags: leasing vehicles leasing buying a vehicle conserve capital businesses write off 100% of lease
Comments