to the SBA, over 80% of businesses lease a portion of their equipment. Along with providing significant tax advantages,
leasing vehicles and equipment can help your business maintain cash reserves,
increase cash flow, and preserve bank lines of credit. Leasing also helps businesses grow without
significant out-of-pocket expenses.
Two of the most popular
reasons businesses choose leasing:
can write off 100% of your lease payments from your business corporate income;
the IRS does not consider operating leases or TRAC leases to be a
purchase. This write off can surpass the
tax advantages of bonus depreciation and accelerated depreciation.
2. Speed - bank loans seem to
take forever and require considerable information. Our business vehicle and equipment leasing
uses a simple underwriting process, and most approvals come back in 24 hours,
with approval rates of over 90%.