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Buying vs. Leasing vs. Bank Loans:
Research all of your options when making a decision regarding buying, leasing, or using a bank loan. There are many factors to consider and benefits to any of these choices.
Buying offers you the luxury of owning your equipment, while leasing allows you to use the equipment you need without reducing your borrowing power and lease payments are generally regarded as fully deductible expenses.
Contact us today to find out what leasing options we offer.
Potential Tax Benefits for Buying and Leasing:
Save up to 35% on your FastGrind purchase. Under IRS section 179, up to $25,000.00 of equipment purchased can be expensed (deducted from taxable income) in the same year that it is purchased and placed into service.
Monthly lease payments can be expensed. Check with your accountant to see what tax savings you are eligible for.