Electric Sign Leasing The Benefits
According to the research done by the Equipment Leasing Association
, eight out of ten US companies lease some or all of their equipment. A huge line of equipment can be leased, but leasing outdoor electric signs and LED message centers are very profitable.
What are the benefits of electric sign leasing?
Leasing of electric signs provide some excellent advantages over other financial methods, some of them are:
Tax benefit - The IRS does not acknowledge an operating or a true lease as a genuine purchase, but rather a tax-deductible overhead expenditure. Thus, one can subtract the lease payments from his overall revenue earned.
Improved Balance sheet - Since an operating lease is not considered as debit or liability, it is not shown as a balance due or arrears in the financial statement, resulting in the improvement of financial ratios. This makes you more desirable among the traditional lenders.
100% financing - A lease does not involve lease payment or a very little amount is paid down- perhaps the first and last months payment is remained unpaid at the time of leasing. Thus, it is equal to 100% financing and you will hold more money to invest in more profit-generating activities.
Flexibility - With the process of your business growth, you may need some changes and you can add signs at any point during the period of lease through add-ons. If you are foreseeing a rapid growth of your business, make sure to make this agreement when you are shaping up your lease program. You can also include technical support programs and service or extended warranties.
Customized solutions - There is a huge variety of leasing programs available in the market, supplied by the vendors. They will allow you to customize a program according to your needs and requirements. Some lease programs even have the provisions to allow their customers to miss one or more payment without a penalty, which is quite useful for seasonal businesspersons.
Asset management - A lease provides the utilization of equipment for a definite span of time at fixed rate. This lowers down the risk of the equipment ownership.
Modernized technology - The demand of latest technology is always on rise in the retail business. By leasing equipments, you can add or upgrade your existing equipments satisfying the requirements of your growing business.
Speed - Leasing of updated equipment will enable you to act in response to new opportunities with minimal documentation and red tape. Most of the time your application will be approved within an hour and you can acquire your new sign smoothly.
Betterment in earnings - Operation of lease accounting provides a lower cost than a capital lease in the early years of a lease.
Thus, reap the above benefits by leasing electric signs.
There are 3 ways to acquire and lease a sign - you can choose the one that best suits your needs.
1.Get in touch with a supplier who provides leasing as a part of their sales program.
2.Find a leasing company that is well-equipped to work with your desirable signs.
3.Approach the lease company directly and ask them to provide a list of approved sign dealers.
by: Danielle Saige
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