|
Leasing is a flexible
form of financing
.
Contact:
Steve Joskowitz
to see what lease is best for you!
Calculate
customized, low payment plans that meet your specific financial requirements.
Apply on-line for equipment or software leasing approvals.
It's Fast &
Easy!
800-BEST-LEASE
800-237-8532
FAX: 800-863-1394
info@Best-Lease.com
| Frequently Asked Questions |  |
Q:
I don't want to lease, I want to finance…
A: Leasing is just a flexible form of
financing. Fixed monthly payments are structured for a specified term. Leasing provides
100% financing, normally with no down payment and can include items such as freight,
installation and tax.
Q: Why should I lease? I have the
money…
A: Leasing let's you use your money for
investments that appreciate in value like business expansion or property investment. Save your cash
and let the lease asset pay for itself!
Q: Wouldn't it be better to own the asset?
A: With leasing it's easy to own the asset.
After you've finished making the lease payments, you can purchase the equipment and/or
software for the stated purchase option. A $1.00 purchase option lease is treated just
like a loan from a tax standpoint and does not require a large capital outlay at lease
end.
Q: What is the rate?
A: Like any form of financing, the rate
depends on many factors including; the borrower's credit, the length of term, the amount
financed, etc. To make leasing easy, you will normally be quoted the bottom line payment.
This way, you can easily calculate how the investment fits within your budget and profit
goals. Interest charges are always tax deductible also making the effective rate lower.
Q: Can I write off a lease?
A: Leasing offers many tax saving
advantages. Lease interest is fully tax deductible, equipment is depreciated and special
IRS provisions such as section 179 can be used. Additionally, with some leases, you can
write off the entire payment as a pre-tax expense. Leasing will make your accountant
happy!
Q: My tax returns do not show much income.
Can I get approved?
A: Yes! Leasing is easier than bank
financing. If your personal and business credit is in good standing and have owned your
business for more than two years, approvals are routine.
Q: My credit is not that good. Can I get
approved?
A: It's possible. Different approval
structures can be arranged, including additional collateral, co-signer, down payment,
etc…Also, it helps if the asset is directly responsible for producing business
income.
Q: I've owned my business less than two
years. Can I get approved?
A: Yes. There are a variety of programs that
can be suited to meet your requirements. Additional information may be required for credit
review including personal financial statement, tax return, etc…
Q: Can I transfer or pay it off early?
A: Leases are transferable to new owners if
you sell your business. Also, if you decide to pay off a lease early, you will get a
discount on the unearned interest.
SPECIALIZED PROGRAMS BY EQUIPMENT TYPE
