Smoother procedures |
Fewer documents to prepare. |
Efficient use of all investment funds |
If you choose to lease when acquiring new equipment, you don't need an enormous initial cost. |
Less worries about obsolete machinery or tools |
You can install new machinery for quick technology updates with small payment each month. |
Tax-deductible lease payments |
In terms of taxation, lease payments are a deductible expense. In terms of accounting, lease items need not be declared as balance sheet assets if they do not apply a finance lease. |