Add Construction Equipment Lease Proposal Template Signed with airSlate SignNow

Inscribe comment lease

a Happy New Year welcome to 2019 I am Michael Higgins I'm here with my partner I'm John Higgins and we are the owners of flex Kappa leases today we're coming to you to discuss equipment leasing yeah and the first frequently asked question we get on equipment leasing is what can a business actually lease I'll tell you what the types of equipment that a business can lease are basically boundless anything as long as it applies to the business and the good of the business can probably be leased so some examples of that would be most commonly known bulldozers tractors trucks vehicles and then some of the more uncommon things would be things like your technologies your computer's your software's even furnishings for the business fitness equipment gaming centers depending on the type of business yeah so many things can be leased or purchased there are advantages and why businesses will choose to lease and then one of the common questions is why would a business choose to lease oftentimes there's tax advantages another thing might be you keep it completely off your books so it's not something you're getting a tax write-off and it's not something that's going to show up on your P&L statements but rather it's going to be off the books and just your monthly installments on that piece of equipment when things apply more in a technology basis either software or an industry that's just blowing up and there's new stuff coming down the pipeline all the time oftentimes they'll do that because the the equipment they're leasing is going to be obsolete in three or four years so they're going to lease it first short period of time and upgrade with new equipment as as that time permits yeah it allows you to keep up with the times and the newer technologies and another question we get often is who leases so leasing is a one point two trillion dollar annual business more than eight out of ten business's existing today leases some portion of their equipment either the office or industrial equipment yeah and as we mentioned before there's a number of tax advantages to leasing the equipment again it's off your books you can write a hundred percent of the lease off and nobody knows we're leasing I mean you could look at two people with the exact same software or the same bulldozer nobody knows if one's leased your purchase so there's a lot more financial advantages in the lease it's a big cash flow advantage so there's yes there's the tax implications certainly but it's a cash flow advantage on your books I'm not your tax attorney but you'll want to discuss that with your your CPA or your Comptroller with regard to that yeah and another thing to discuss with your CPA or accountant might be what are the common lease terms what's going to be the book the best for your business and make the...