You can write off leases as a business expense. You have to track depreciation and many other things, if you buy it outright. Leases go right into monthly expenses and reduce your taxes immediately.
I agree I worked for companies who had the expense budget but not the purchase budget. So I suggested they lease their PCs instead of buying them, store all data on a server, and every three years get new leased PCs. It saved them money and gave them a tax break. Every three years technology changes anyway and instead of buying new PCs they just return the old leased ones and buy new leased ones.
The PCs companies leased, usually get sold very cheap by a liquidator. Then companies and people on a limited budget can buy the used PCs.
orionblastar|13 years ago
The PCs companies leased, usually get sold very cheap by a liquidator. Then companies and people on a limited budget can buy the used PCs.
Cars are basically the same way.