Product Development Inc - Financial Services
With leasing you are able to buy the equipment you need with very little upfront out of pocket expense. This allows you to keep your cash in your company for operating expenses. Leasing also allows you to take advantage of valuable tax deductions this year or over the life of the lease. Because a lease is not considered a long-term debt or liability, it does not appear as debt on a balance sheet, thus making you more attractive to traditional lenders when you need them.
A lease allows you to finance the equipment and supporting items up to 25% above the machines purchase price. So can you not only lease the equipment but if you need software, consumables and training all of these are allowed in the lease.
Very Little Money Down
There is very little money down with leasing - typically the first & last month's payment are due at the time of lease signing. Since a lease does not require a down payment, it is equivalent to 100% financing.
You can lease from 1 to 5 years and at the end you can choose to either pay $1 dollar or 10% and you own the equipment. This allows you to get a monthly payment that works for your current financial needs.
Lease Multiple Items
With a single lease you can buy multiple items from multiple vendors and include them on a single lease with a single payment. This allows you to buy all the equipment you need at one time and pay only 1 monthly payment for the term of lease.
100% Tax Deductible first year
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. government to encourage businesses to buy equipment and invest in their business.
100% Tax Deductible
If a company does not choose to employ the Section 179 for a complete write off for the equipment. Then they can deduct lease payments as expenses. This eliminates the need for depreciation schedules and allows for a faster write off. Please consult your accountant or tax advisor to evaluate the best tax solution for your company.
Simple Lease Process
1. You fill out this form and choose the equipment to lease.
2. We will respond to finalize all items to be placed on lease.
3. We will send you the amount of the monthly payment.
4. You sign lease documents if you agree to place the order.
5. We will ship the order in 1-2 days.
This form does not bind you to the lease it just starts the process!