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Big Hairy Dog
Leasing Benefits
Get the POS Equipment You Need Today!
You rely on technology equipment every day to operate and grow your business -
Hardware, Software, and Services. But the value of those products comes from
using them, not owning them. Leasing your POS solution offers numerous
advantages:
Retain Capital Strength
Purchase the hardware and software you need today while spreading your payments
affordably across time. This allows you to reserve your capital for other
day-to-day expenses. Because a lease is not considered a long-term debt or
liability, it does not appear as debt on your financial statement, making you
more attractive to traditional lenders when you need them.
Speed
Leasing allows you to respond quickly as your need for equipment and technology
arises. You can be approved for financing within hours through minimal
documentation and you can have the equipment you need in operation and producing
profits for your business, quickly and without hassles.
Flexibility
As your business grows and your needs change, you can add to or upgrade your
lease at any point through add-on leases or master leases. If you anticipate
growth, be sure to negotiate that option when you structure your lease program.
You also have the option to include installation, maintenance and other
services, if needed.
Avoid obsolescence
Leasing is an extremely attractive option for all your POS hardware and software
purchases because technology becomes outdated very quickly. With a lease, your
risk of getting caught with obsolete technology is lower because you can build
upgrades and add-ons into the lease.
Customized solutions
Leasing allows you to structure a financing program that addresses your key
business issues, including: cash flow, budget, transaction, and cyclical
fluctuations. For example, some businesses request seasonal leases, which allow
them to schedule their payments during their busiest months allowing them to
better align their expenses and revenues on a monthly basis.
Tax advantages
The IRS does not consider an operating lease to be a purchase, but rather a
tax-deductible overhead expense. Therefore, you can deduct the lease payments
from your corporate income. Consult your tax advisor about your specific
situation.
Asset management
A lease provides the use of equipment for specific periods of time at fixed
payments. It assumes and manages the risk of equipment ownership.
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