In a case where leasing is an option, most entrepreneurs are caught in a dilemma of whether to
buy or to lease the assets. Most businesses weigh between acquiring an asset for life or using it
when you need it. At NIC Leasing, the benefits you will derive through the lease include:
No Capital outlay required: The business does not need to tie down the capital that could be used on other business requirements.
The cash flow management: The residual value of the asset is taken into consideration this ensures the cash out of pocket on a leasing scenario is lower than the case of outright purchase
Leasing provides flexibility: Today’s world there are disruptions that could leave your company outdated despite having invested heavily on modern tools, we research and facilitate upgrades which may not necessarily come with increased rentals.
Buys and leases back existing assets to release tied up capital: This releases invested cash and brings in all other benefits of Operation lease.
Leasing rental is an operating expense item: Since it’s not a capital expense it makes it possible to circumvent capital budget constraints since lack of a budget may prevent the organization from acquiring or upgrading some assets rentals payable under lease can be catered for under the operating expenses budget.
Leasing will enhance your Tax Efficiency: The lease payments are fully tax deductible against income when incurred. This differs from the purchase of an asset, where the purchase of an asset is only deducted for tax purposes over a period of time-based on prescribed depreciation rates.
NIC Leasing comes with dedicated asset Manager: We take care of your leased assets and let you concentrate on your core business of serving your clients.
Operating lease can include extras like service and insurance: Our lease program can be packaged to incorporate extended options of insurance, fleet management, service, thus resulting in reduced costs compared to when the costs were provided for separately.
The option of extension lease with low rentals: We are flexible, we listen to you and meet you halfway.
Talk to us for more information, our asset managers have it all figured for you.