A Checklist
Considerations that may assist you in making a leasing decision
We understand that you are facing increasingly complex financial and technological challenges in today's economy. As we said before, there are three basic means by which you can pay for your new test and measurement equipment — cash purchase, loans or leases. Leasing is an excellent choice! It is an easy, convenient and economical way for you to acquire the equipment you need now and pay for it as you use it.
Here are some considerations when capital equipment is acquired:
Asset Considerations
- How long will this equipment be useful before you need to upgrade or replace for technology reasons?
- What is the useful productive life of the equipment?
- Can the equipment be used elsewhere in the organization?
Financial Considerations
- Is there money in the capital budget to pay for the equipment?
- Is it important to preserve your bank lines of credit for operational needs (inventory, accounts payable, expansion, payroll, etc.)?
- Are there tax and/or accounting requirements that must be followed (the need to meet a FASB 13 requirement for operating lease treatment)?
- Can you match the lease payment to depreciable asset life? Do you need to match the lease payment to your expense budget requirement?
- Are you familiar with the tax and accounting benefits? Certain lease options allow you to keep the asset off the company's balance sheet. Other lease options require capitalizing the equipment on your balance sheet. Check with your accountant or financial advisor.
There are a lot of factors to weigh. And, we know that every one of our customers has different requirements and these requirements can and do change over time.
Tektronix eQuip Finance will offer you OPTIONS and FLEXIBILITY. We will tailor a lease package to your needs.