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The choice between leasing and buying
construction equipment.
Many agonize over the choice between leasing and buying construction
equipment.
An excellent rule of thumb should be if it appreciates then buy is best,
but for
equipment that depreciates, leasing should be your choice. Several
financial advisors
agree construction equipment leasing is an intelligent business
decision, because
of the depreciation of the equipment.
When you choose to lease you can receive a multitudes of benefits.
Leasing allows
more flexibility in deciding what is best for your business. When you
purchase
construction equipment, you are confined to the problems of ownership.
Your financial
resources are tied up in the up keep and replacement of the equipment.
You are
burdened with depreciation when said equipment needs replacing.
Leasing construction equipment allows several opportunities you will not
have with
purchasing. Seasonal fluctuations need not concern you when you lease.
Several
leasing companies offer skip leases, which permit businesses the
pleasure of scheduling
payments during their busiest seasons. You are only paying for the
equipment for
the time you are actually using it.
Another financial advantage to consider with leasing are the tax breaks.
Usually
operating leases are deductible, written off as overhead expenses. For a
full explanation
of the benefits of leasing, it is best to consult with your financial
advisor who
can explain the specifics, which apply to your situation.
Machinery guides and
resources
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