Leasing is a way for
you to obtain use of the equipment you need for business
without having to pay 100 percent of the cost upfront.
It also allow you to take a tax break on the cost of the
item as though you bought it at full cost.
See some reasons for leasing.
Lessor v. Lesee
Granting of the use of assets for a specified time and
payment. The entity that owns and is doing the lending
is called the Lessor. The entity doing the borrowing is
called the Lessee.
Leases are usually for a period of
1-6 years. IT usually involves a simple, one-pay
The amounts range from $2,000 to
$35,000,000. The payment terms will depend on the
Lessee’s credit record.