Xerox... Buy or Lease?
Xerox... Buy or Lease?
Out of context: Reply #9
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- dMullins0
In business, always buy. Write-off, write-off, write-off.
- we boughtkingsteven
- Actually dMullins, it is more complicated than that. You can write off only the depreciated value over 4 years, %25 per year. With a lease, it is 100% write off from the beginning.onekid
- What's your point? I understand how it works just fine.dMullins
- The point is that many accountants would say that leasing is a better option. You stated that is was always best to buy. I do not think that is true in all cases. In fact in ours, it is better to lease for tax reasons.onekid
- I always for get how short these notes have to be.onekid
- some jurisdictions lease costs are 100% deductable. at a low rate it ends up advantageous to lease.monNom