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Leasing Equipment?

Discussion in 'Rental Equipment' started by Alpha Property, Jan 2, 2009.

  1. dtford

    dtford LawnSite Member
    from 02338
    Messages: 96

    I have leased/financed equipment *(Walkers) in the past. What i liked about leasing is, you take the whole payment as a deduction, and you don't depreciate the equipment over a set number of years.
     
  2. nosparkplugs

    nosparkplugs LawnSite Gold Member
    Messages: 3,445

    I agree you can depreciate the principle, and interest for the whole life of the equipment. Their are other advantages like not having the equipment on your personal credit or a personal guaranteed.
     

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