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6 Things You Need To Know About Leasing Equipment

    Chris Motola
  • 2 comments
  • Updated on:
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Chris Motola

Chris Motola

Expert Analyst & Reviewer at Merchant Maverick
An expert in personal and business loans and financial health, Chris Motola has been writing about small business finance and payments for over 5 years. He has been cited in various industry publications, including Forbes Advisor, GoBankingRates, and Medium. Chris is a graduate of the University of Central Florida.
Chris Motola
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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      This comment refers to an earlier version of this post and may be outdated.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        This comment refers to an earlier version of this post and may be outdated.

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