You, as an owner of small business, can just make your own decision, but Rhonda Abrams has her suggestion:
Technorati Tags: SME, Business, Investment, Buy, Lease, Cash, Tax, Money Management
Congratulations, you're starting or growing your business. But you've got to spend money on equipment, computers, furniture and vehicles. With each, you face the same question: Should you buy, or should you lease?Link
Buy less expensive items; lease more costly ones. It doesn't make much sense to lease a fax machine or printer — they're only a few hundred dollars. But if you need a major piece of equipment, don't tie up your cash.
• If you're unsure of your plans, get short-term leases. Don't burden yourself with a lot of stuff you won't know what to do with.
• Check with a tax adviser. Always understand the financial and tax implications of leasing vs. buying for your individual situation.
• Finally, never get more than you need and can afford. Use the dining room table or your kid's old desk until you start making money. In my company, we're still using the desks we inherited free when we rented our last office. Cash in the bank beats beautiful furniture any day.
Technorati Tags: SME, Business, Investment, Buy, Lease, Cash, Tax, Money Management
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→Buy or Lease?
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→https://blognews12.blogspot.com/2006/05/buy-or-lease.html
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