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Leasing Your Equipment

Brian Angelucci

Leasing Your Equipment
November 09, 2003 07:54AM

Registered: 17 years ago
Posts: 1,838

<HTML>How many of you lease your equipment?

I've read several article about how leasing is better that purchasing outright for tax purposes. I can see carwashes having to lease their equipment for depreciation reason but can't see any justification of leasing detailing equipment, except for the reason there are no present funds for an outright purchase.

Besides van or truck for the mobile guys, do you lease: extractors, pressure washers, compressors, generators, repair kits, and anything else expensive?</HTML>

Take care,

Brian
Precision Auto & Marine

Learn to detail boats! Visit www.detailtheboat.com

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ROB M

Re: Leasing Your Equipment
November 11, 2003 06:24PM

Registered: 17 years ago
Posts: 117

<HTML>i have a $4500 power washing i put it on a credit card because the payments are cheaper, the payments with intrest is close to 125 a month now when leasing that same powerwasher my payments would be 3x as much. now as for tax purposes i right that credit card payment off every month as an expense. so pick you poison but i guess credit has to do with it too.</HTML>

PRECISION POWER WASHING & AUTO DETAILING