Need a new balancer, aircompressor or nitrogen generator? Where will the funds come from? Severalbusiness advisors recommend that independent businesses such as tiredealerships consider leasing instead of buying.
Leasing equipment can haveseveral advantages, they say, including:
• Leases can often beobtained with little or no money down.
• Leases usually requireless financial documentation than bank loans.
• You can get more or higherquality equipment when leasing.
• Most leased equipment ismaintained and even repaired at no charge.
• Some leases allow you toreduce payments or miss an occasional payment without penalty.
• Cancellation clauses mayallow you to end the lease at any time.
• Leases often allowequipment upgrades or trade-ins during or at the end of the lease period.
• Leasing does not impactyour financial statements, so borrowing potential is not reduced, andequity-to-debt ratio looks better.
– Source: Tire ReviewBusiness Toolbox