Leasing Options

Cypress Financial: To own or to lease . . . that is the question. The answer depends on your financial situation. Your accountant can certainly steer you in the right direction. If you earned a good profit and need a write down, then leasing is a solution. With leasing you deduct the entire monthly payment as an expense. When you finance from a bank and purchase outright you deduct only the interest. With leasing you maintain your level of credit with the bank.

Below is an example of accelerating depreciation:

The ABC Corporation will purchase $125K of equipment in 2007. If depreciated, the tax write-off will be $25K. However, because of the business expensing rules, ABC can elect to immediately deduct the entire $125K. This rule creates an additional $100K of tax write-offs in 2007. If ABC is in the highest tax bracket of 39%, this would yield a tax savings of $39K.

This is a significant savings.

Call Vicki Capperauld at 1-800-433-6189 ext 108 to find out more about leasing.

Print out a Nyrock Leasing Application:
• Nyrock/Cypress Financial Lease Application (PDF Format)
• Nyrock/Cypress Financial Lease Application (Rich Text Format)

Or visit Cypress Financial's website for more information: www.cypress-financial.com