In The Past, Leasing has been considered the exclusive financial tool of business, the reason being, individuals thought leasing was a complex and sophisticated financial transaction. In fact, individuals will find leasing to be very simple, and they should lease for exactly the same reasons that businesses do.
Businesses use leasing to allow for careful cash conservation and financial planning.
Requiring no down payment and often no cash outlay at all, a business lease frees up business capital for other purposes. The payment is also completely tax deductible. From cars to truck fleets, leasing offers improved cash management to all businesses. In addition leasing does not affect existing lines of credit. By paying for the vehicle as it is used, the well managed business often has a lower car payment, which can be converted into a larger car.