Benefits of Leasing Technology

The benefits of technology leasing are numerous.

Tax Savings

Tax savings can be had, since you can write off a large portion, if not all, of the lease payment. Most of our technology leases are "fair market value" leases which meet the IRS and FASB requirements of operating leases and as a result, are fully tax deductible.

Maintain your Credit Line

You will also save money by not having to tie up your credit line, or having to use your cash assets. A simple monthly payment, specifically tailored to suit your company, replaces large cash or credit outlay.

Avoid Obsolescence

In addition to the monetary and tax benefits, technology leasing helps you to avoid the problem of obsolescence. Although technology is a necessary and beneficial factor of our everyday lives, it changes and improves so quickly that older machinery and software quickly becomes obsolete. No one really wants to be making a final payment on a computer that is five years old, which is why so many people contact us regarding technology leasing.

Gramm-Leach-Bliley Act

Due to the enactment of a variety of federal laws, businesses are now required to protect the confidentiality of their customer's financial data and to comply with certain environmental regulations regarding disposition of electronic equipment.  As a result, "Asset Management" of technology equipment has become a very important, costly, and sensitive risk issue that companies should carefully consider.

Summary

Technology leasing can be the solution you are looking for to give your company the edge over your competitors. Playing 'catch up' with technology is never fun, and it can be very costly. A technology lease might be the answer you have been looking for. Contact us today to find out more, or download an application and get started now.
 

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