Equipment buying is tough. Whether you’ve had your eye on something particular or just know you have a need to fill, pulling the trigger is a big decision. And then you have to decide how you’re going to pay for it.
Walk into any equipment supplier (or visit their website) and you’ll probably see a plethora of payment options. Most common are cash and credit—the old standards—but also on the table are in-store financing, a capital or equipment loan from a bank, waterfall financing, 3rd party financing, and veritable lease options.
All these options are designed to make equipment purchasing easier, but it can be overwhelming. As psychologist Barry Schwartz says, “when people have no choice, life is almost unbearable…[but when] we become overloaded...choice no longer liberates, but debilitates.”
That said, it’s up to you to consider, evaluate, and decide which payment option will make the most sense for you and your business.
At Clicklease, we offer simple payment plans through structured leases that make the process simple and straightforward—we even let you choose the lease terms that make the most sense for you.
But we know that leasing might not be the right choice for every business.
As you’re deciding what payment options works best for you, there’s one potential benefit of leasing that many small business owners don’t think about: tax deductions.
Taxes can be complicated, so talk to a professional before making any big decisions. Depending on your situation: profitability, financing or leasing terms, etc., there may be some benefits.
Here's a video from one of our customers who explains his Clicklease experience pretty well and how tax deductions - specific to his business - worked for him.
So is leasing the best option for you? There are a lot of pros and cons to consider. But if you’re thinking about leasing, Clicklease makes it easy. We offer a final approval decision in seconds. We don’t require any complicated documents or trips to the bank. We approve people across the credit spectrum, and for amounts as low as $500. Plus, there’s no hard credit pull, so applying won’t impact your credit. And then there are the potential tax benefits.
Want more information on leasing?
Give us a call today to see how Clicklease can help you grow your small business.
[Please remember: this blog is for informational purposes only. Talk to a tax/financing professional before making any business decisions.]
