Leasing of equipment has become the norm in the majority of law offices. It allows you to work with the latest software, hardware, training and installation of equipment without the hassle of a lump sum payment; instead you get the benefits of spreading out your financing and looking at the overall cost amortized over a period of months while getting the benefit of increased productivity today.
100 % Financing:
A payment deposit is all that is required to get your lease under way and since the majority of law offices are pre-approved, getting that equipment you need has never been easier.
Tax savings:
Lease payments are fully deductible for income tax purposes which results in lower after tax cost. Lease payments are deductible over a period equal to the lease term, which is normally shorter than the standard depreciation recovery period which results in an accelerated write off.
Preserve Your Working Capital:
Leasing allows the customer to retain cash for current needs or for other investment purposes.
Simplified Bookkeeping Procedures:
Since lease payments are fully deductible, there is no need to account for separate deductions required when other finance methods are used. Most payments are done with direct withdrawel avoiding cheque writing.
Conserve credit lines:
By leasing equipment, software, training and installation, you can retain your available credit line at your financial institution for investments, emergency needs, current cash flow, and other unsecured loans.
Immediate Return on Investment:
Leasing allows your company to profit and benefit from the equipment immediately from the first month of use because they are paying for the equipment as it is used.
Lease as a Hedge Against Inflation:
Lease payments are fixed and are not subject to inflation rate increases.
Overcome Budget Limitations:
Organizations which are restricted to a yearly budget are able to acquire their much needed equipment with easily affordable payments.
Flexible options:
With lease terms from 12, 24, 36 to 48 months, and the option of early buyout, fair market value or $10 buyout, each leasing package can be made to fit the needs of your office, cash flow, software and hardware.
