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Leasing FAQ
Q. Why lease?
A. Leasing enables you to leave cash and lines of credit untouched, available for other needs. You also take advantage of a tax write off.
Q. What is the big tax advantage by leasing instead of buying?
A. You can deduct 100 percent of the monthly rental payment for tax purposes - if it's a true lease.
Q. Does a true lease mean we can take a dollar-for-dollar write-off?
A. Exactly. If you make a $200 payment on a lease you can take a $200 write-off.
Q. What happens at the end of the lease?
A. If you buy it, you own it. But if you lease, you have several options at the end of the lease, one of which is to return the equipment to the leasing company and walk away.
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