Customers - the benefits of leasing
Customers find leasing a more affordable way of acquiring equipment.
- It spreads the cost and fixes the payments.
- Cash flow is enhanced, protecting capital for other projects and with fixed payments throughout the leasing period, it makes budgeting much easier.
- In many cases the payments can be financed by extra revenue received, or savings made, by having the new equipment.
- By leasing, the customer can easily upgrade when bigger, better equipment is required, rather than making do with outdated or outgrown equipment.
- In the case of lease rental, all payments are deductible as an expense for tax purposes, often providing tax savings.