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  • Answer Upon - Your Accountant Will Agree: Leasing a Car For Your Business is the Way To Go

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    ore borrowing power – with a lease, you can keep lines of credit open for other expenditures; a purchase of a vehicle ties up those loan options
  • Preventing negative equit
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    One of the many important financial decisions of a business owner is whether to lease or purchase motor vehicles for the business. RK Auto Group recommends leasing for several reasons: Leasing strengthens your financial statement and upgrades your company’s image by providing sharper-looking vehicles at a cheaper price.

    Most accountants agree: your financial statement looks rosier with vehicle leasing. Financial benefits of leasing include:

    • A better tax write off - you can deduct actual payments instead of using a depreciation schedule
    • Clearer bookkeeping - while a lease is simply an expense on the financial statement, a purchase is an asset and a liability
    • More borrowing power – with a lease, you can keep lines of credit open for other expenditures; a purchase of a vehicle ties up those loan options
    • Preventing negative equit
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      reasons: Leasing strengthens your financial statement and upgrades your company’s image by providing sharper-looking vehicles at a cheaper price.

      Most accountants agree: your financial statement looks rosier with vehicle leasing. Financial benefits of leasing include:

      • A better tax write off - you can deduct actual payments instead of using a depreciation schedule
      • Clearer bookkeeping - while a lease is simply an expense on the financial statement, a purchase is an asset and a liability
      • More borrowing power – with a lease, you can keep lines of credit open for other expenditures; a purchase of a vehicle ties up those loan options
      • Preventing negative equit
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        ree: your financial statement looks rosier with vehicle leasing. Financial benefits of leasing include:
        • A better tax write off - you can deduct actual payments instead of using a depreciation schedule
        • Clearer bookkeeping - while a lease is simply an expense on the financial statement, a purchase is an asset and a liability
        • More borrowing power – with a lease, you can keep lines of credit open for other expenditures; a purchase of a vehicle ties up those loan options
        • Preventing negative equit
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          nstead of using a depreciation schedule
        • Clearer bookkeeping - while a lease is simply an expense on the financial statement, a purchase is an asset and a liability
        • More borrowing power – with a lease, you can keep lines of credit open for other expenditures; a purchase of a vehicle ties up those loan options
        • Preventing negative equit
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          ore borrowing power – with a lease, you can keep lines of credit open for other expenditures; a purchase of a vehicle ties up those loan options
        • Preventing negative equity - this happens when you purchase a car: sometimes the market conditions make the vehicle worth less than the debt owed on it
        • When you don’t have negative equity you have less to negotiate in leases

        Leasing improve your company’s image as well as its bottom line. When you lease a vehicle, you don’t pay for all of it. You only pay for the part of the vehicle you use. This means:

        • A lower monthly payment
        • You can afford a more expensive vehicle to better represent your business (and it’s more fun to drive!)
        • You drive a new vehicle more often: a 48-month lease costs the same monthly amount as a 60-month purchase of the same vehicle!

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