Features
- An operating lease is a long-term or short-term rental agreement
- The asset under lease remains off the balance sheet, improving balance sheet ratios
- The risks and rewards of ownership remain with the lease provider
- Lease payments are fully tax deductible
- Operating lease can include maintenance options
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Benefits
- Lease payments are fully tax-deductible
- Frees up capital, allowing you to grow your business
- Administration can be less
- Most costs can be fixed and allow for more accurate budgeting
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