Advertiser Disclosure

🏦 Get funded today with one of our top lenders for 2021

6 Things You Need To Know About Leasing Equipment

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Chris Motola

Chris Motola

Finance Writer at Merchant Maverick
Chris Motola is a writer, programmer, game designer, and product of NY. These days he's mostly writing about financial products, but in a past life he wrote about health care and business. He's a graduate of the University of Central Florida.
Leave a comment

2 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Leslie Howard

    Chris, your article makes some nice points but you didn’t mention one of the more currently pressing issues with leases–the new balance sheet based accounting rules that CPAs will soon require you take onto your business books. While the rules don’t specifically kick for a couple of years, the negotiation of leases that run more than a couple of years from “today” will potentially affect relationships with co-investors, lenders, etc.

    https://www2.deloitte.com/us/en/pages/risk/articles/new-lease-accounting-standard.html?id=us:2ps:3gl:risk:eng:adv:041116:na:na:DFCHGNpU:952189786:192660124508:b:Lease_Accounting:Lease_Accounting_BMM:nb

    Cheers!

      This comment refers to an earlier version of this post and may be outdated.

      Chris Motola

      You’re absolutely right, Leslie. I’ve started to touch on that in some other posts, but it’s definitely something lessees should be aware of. Thanks for bringing it up!

        This comment refers to an earlier version of this post and may be outdated.

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      Your Review

      Comment moderation is enabled. Your comment may take some time to appear.
      Please read the "User Review and Comment Policy" before posting.

      Share

      We Recommend OnDeck for Loans 🏆

      Fast turnaround: as little as 1 - 2 days.
      Low requirements: 600+ credit score, 12+ months in business and $100,000+ revenue.

      Get Started

      No hard credit pulls

      Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

      Sign up for the Maverick Newsletter

      • Please select topics of interest

      • We occasionally send out emails with special offers.
      • This field is for validation purposes and should be left unchanged.