Let's face it, we are all in business to make money-right? That is the very reason that leasing your heavy equipment is the best choice. Compared to purchasing your equipment using a traditional loan, leasing allows you to keep more of your money on hand in your pocket. A traditional loan is going to require a down payment (sometimes a hefty down payment of 25% or more). If you opt to lease your equipment, it can often times be done with nothing down or a very small down payment. If you keep your cash on hand, how much money can you make with that capital? This is an excellent question to ponder.
Another wonderful benefit is the fact the lease payments are tax deductible. A traditional loan is only partially tax deductible. Once again, because of the tax implications you can hang on to more of your money. What can the money in your pocket do for you? Leasing your heavy equipment is the right choice. Always remember to consult your tax professional to summarize the tax savings available to your company.