Leasing Advantages

Comparing Financing Options

Leasing vs. Borrowing, Credit, and Cash

	Leasing	Borrowing	Credit	Cash
Interest Rates	Fixed rate	Can fluctuate with the market	Fixed or floating	None
Speed of Approval	Within two business days after a bid has been selected for most amounts	Days to weeks	Days to weeks	Instant
Down Payment	Typically, only 1 or 2 payments upfront which are applied to your balance	Typically, 10-20% of the total amount	Typically, 10-20% of the total amount	100%
Financial Statements	Generally unnecessary for transactions under $150,000	Generally needed regardless of amount requested	Generally needed regardless of amount requested	None
Tax Benefits	Operating lease payments can be 100% tax deductible when shown as an operating expense.	Depreciation can be taken over the useful life of the equipment.	Depreciation can be taken over the useful life of the equipment.	Depreciation can be taken over the useful life of the equipment.