1888PressRelease - Northern Leasing, a New York based micro-ticket lease finance company, explains the many benefits associated with leasing point of sale equipment.
New York, NY - Northern Leasing, market leader in micro-ticket lease finance, is reaching out in an effort to remind business owners of the benefits associated with point of sale equipment leasing.
In today's business environment, it is essential that businesses do everything they can to effectively compete and most notably, increase profits. Point of Sale equipment has become a vital resource for those businesses looking to stay ahead of the game, especially now that competition is heavy among online businesses. Northern Leasing wants to remind business owners of the option to lease point of sale equipment and the many benefits associated with leasing as opposed to buying outright.
It is widely known that technology is constantly updated and older equipment eventually becomes obsolete. Leasing technological equipment, unlike purchasing, allows businesses the flexibility to upgrade to a newer enhanced model during the lease term. "This is essential to a business effectively competing in today's marketplace," explains Northern Leasing, "access to the latest technology in the market ensures a business's maximum performance."
For those businesses with a limited budget, equipment leasing is an ideal option as lessors do not require a significant down payment and, if there is a down payment, the amount required is small compared to the large upfront cost of buying equipment, according to Northern Leasing. In addition, the monthly lease or rent is affordable even for start-up businesses looking to increase profits with POS.
Leasing equipment for your business allows businesses to utilize your financial resources in more ways and save business credit for future projects and expenses. When a business opts to lease equipment, they eliminate the large upfront expenditure associated with purchasing and their credit remains healthy and isn't negatively affected by maxed out credit limits.
Another benefit of leasing business equipment is the tax advantage, notes Northern Leasing. Purchases automatically incur sales tax as opposed to leased assets which incur use taxes as each periodic payment is made. Since the equipment remains the property of the lessor, the rental payments to the lessor for the use of the leased equipment can be deducted from your income for tax purposes. Northern Leasing recommends that businesses talk to a finance professional with regard to tax privileges associated with leasing.
Leasing allows businesses access to equipment that they may otherwise be unable to afford. Given the state of our current economy and limited access to lending, leasing is a viable option for those businesses looking to stay competitive and reserve their resources.
About Northern Leasing
Northern Leasing is a New York-based equipment finance company that specializes in the origination and servicing of micro-ticket leases. As the market leader in micro-ticket leasing, Northern Leasing has originated over 500,000 equipment leases since its founding in 1991 and services over 350,000 clients throughout the U.S., Canada, and the United Kingdom. The company's leases are primarily for Point-of-Sale (POS) terminals, which are used by retail and service merchants to communicate VISA, MasterCard, AMEX, Discover, and other credit/debit card purchases to banks for processing.
For additional information, contact:
Northern Leasing Systems, Inc.
132 West 31st Street
New York, New York 10001
Tel: (800) 683-5433
Fax: (212) 760-0862
Northern Leasing in New York Reminding Businesses of Leasing