The renting and business benefits
The renting is a huge cost savings for businesses from other forms of financing such as leasing or loans. In funding the use, in addition to the regular fees would add other expenses such as commissions, expenses of agency, taxes, breakdowns, service and maintenance, etc.. With leasing you pay a monthly flat fee which includes all contracted services. For a business is a great opportunity to save a lot of red tape and simplify the management of their property also obtaining quality services.
The leasing is the leasing of property , namely that the lessor conveys to the lessee’s use or enjoyment of a movable or immovable property in return for a consideration consisting of the periodic payment of quotas. In the contract are agreed also a number of additional services in relation to the good, without containing any purchase option for the lessee. The normal term length of a contract of this type is between 2 and 5 years of Copier Service El Paso TX.
Specific features of renting
Renting is only a vacation that does not include option and in which maintenance is included. The tenant is required to return the property to the end of the contract although no established minimum periods of time.
Good does not have to be earmarked for business or professional activity of the lessee and not reflected in the lessee’s balance sheet. The entire fee, in principle, has consideration of deductible expense.
The rent you can make all kinds of natural and legal persons without restriction and is a comprehensive service covering all aspects of the use of the property that is affected.
The procedure followed to market the product is that the leasing company buys the goods again as your client application makes available to it for a period of time and with all expenses included.
What goods can be managed with the leasing?
The number of items that can be contracted with this product is quite broad:
Articles related to technology and strong presence in the SME (computers, telephone exchanges, copiers, printers, etc..)
Vehicles, including cars and commercial vehicles that do not require transport card
Equipment for medical and health sector
Construction products such as forklifts, cranes, excavators, shovels, etc..
In the case of vehicle leasing should be taken into account to include the best services that identifies the company and among which may be any of these: maintenance, troubleshooting and revisions marked by the manufacturer during the duration of the contract . In addition, you can order replacement tire insurance without excess, roadside assistance from Km “0”, fine management, vehicle replacement, etc..
Advantages of renting versus buying
As mentioned, renting does not tie the company resources in risk assets depreciating rapidly. This allows the company to have greater liquidity and save resources. Also this service is not reflected in the balance sheet of the company allowing greater debt capacity if necessary.
It can also be said that the lease improving debt ratios, is easily accounting and management, spending is controlled, transmits image and security.
The provision of this service lease is to maintain the leased property in good use or conservation. In the case of vehicles always included this in the contract. In all other goods not required.
The renting is associated with insurance whose purpose is to have covered the risks they are subjected contract goods for damage or loss and liability that might arise for injuries to third parties, in their persons or property . In general, it is mandatory to include insurance on all leasing operations, very specific exceptions.
Some of the disadvantages associated with renting is that it involves possession of the asset. It also requires the tenant a disciplined use of good forcing you to comply with periodic reviews and proper maintenance. Furthermore, in the case of vehicles, if you exceed the number of kilometers you can get to meet a penalty that is included in the original signed document. The contract is key in the signing of a leasing because it captures all aspects of the process.
For those who also intends to ownership of the property at the end of the leasing period of use, it has other contractual arrangements, such as the contract of financial leasing which will be discussed shortly in the Copier Service El Paso TX.
Copier Repair Pros
2300 George Dieter Dr
El Paso, TX 79936
(915) 201-3200
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