Equipment is an off balance sheet item (not recorded on company books)
Deduct 100% of rental payments on taxes, more tax-efficient than claiming only depreciation and interest with other financing.
Monthly lease rentals and interest rates are fixed. Therefore costs are known in advance.
A residual (balloon) can be applied in some cases, lowering monthly payments.
Flexible Contract Terms.
Benefits
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Equipment Leasing
Popular for businesses that do not want the full cost of the asset to appear on their company’s balance sheet. The lender is the one who buys the equipment, you then rent it off them for a tax deductible fixed monthly repayment. At the end of the loan term you can either. Continue renting the equipment, give the equipment back or choose to purchase the equipment at the current market value.
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