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Will you buy or rent it? There are strong arguments to rent equipment instead of purchasing. Equipment is really just a tool for making income
Why do you want to own it? When equipment is purchased, the business owner(s) / shareholders are actually paying. When equipment is rented, the business is paying, (ie. off balance sheet). When equipment is purchased, it is claimed as a tax deduction through depreciation, over the life of the equipment .. Some equipment is deemed to have a 20 year lifetime, (ie. It will take 20 years to fully claim back the purchase cost).
With a rental / operating lease, the principal and interest component of the equipment is fully deducted over the term of the agreement , (eg. 3 years). Monthly rental payments are entirely tax deductible if the equipment is used for business purposes.
At the end of the rental term, an option can be exercised to purchase the “used” equipment for $1.00.
A variety of equipment items, from a variety of suppliers, can be combined into one monthly payment that is paid for by the business, not from the business owners profits.
Rates Current as at 1/12/03, subject to change.
Key Cutting Made Easy
key, cutting, light, coloured, colour, alloy, aluminium, machine, blanks, hardware, retail, australia, victoria, NSW, VIC, qld, bunnings, mitre 10, kmart, coles, WA ">
Keyman Supplies a range of Key Cutting Systems designed specifically for a retail environment. We have specialist ranges to suit Hardware Stores and specialist retailers.
Key Cutting Made Easy
key, cutting, light, coloured, colour, alloy, aluminium, machine, blanks, hardware, retail, australia, victoria, NSW, VIC, qld, bunnings, mitre 10, kmart, coles, WA ">
Keyman Supplies a range of Key Cutting Systems designed specifically for a retail environment. We have specialist ranges to suit Hardware Stores and specialist retailers.
Key Cutting Made Easy
key, cutting, light, coloured, colour, alloy, aluminium, machine, blanks, hardware, retail, australia, victoria, NSW, VIC, qld, bunnings, mitre 10, kmart, coles, WA ">
Keyman Supplies a range of Key Cutting Systems designed specifically for a retail environment. We have specialist ranges to suit Hardware Stores and specialist retailers.
