10 Benefits of Leasing Equipment

With changing economic factors weighing on your daily transactions, one of the best ways to mitigate your business’ financial risk is by simply leasing your equipment. Here is a list of 10 benefits you’ll receive if you choose to lease your next piece of equipment:

  1. Lower your monthly payment
  2. Free your cash flow and lines of credit for other expenses
  3. Defer your tax payments of GST and PST to monthly, rather than paying up front
  4. Realize Income Tax benefits by writing off lease payments as an operating expense**
  5. Get the right unit for the length of your job
  6. Lock in equipment costs to protect against inflation and make budgeting easy
  7. Be responsive to changes in technology and fuel economy by upgrading as necessary
  8. Get your equipment when you need it, instead of being stuck on a wait list
  9. Clear debt off your balance sheet, to assist in securing additional financing
  10. Receive the option to purchase or walk-way at the end of the term

Contact Redhead Equipment today and our team will help you make the best decision for your current situation.

* *Redhead Equipment does not provide tax or accounting advice. Customers should consult with their tax attorney or accountant about individual circumstances.

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