Capital Lease ($1 Buyout)
Altec
Capital Services, LLC offers a variety of lease options that
help to improve your cash flow and increase your overall profitability.
Altec Capital Services offers a Capital Lease to our customers
that allows them to capitalize the asset on their balance sheet
and take any tax benefits associated with that particular asset.
The benefits to you include:
- Ownership at the end of the lease term
- Conserves lines of credit with other lenders
- Tax advantages
The Capital Lease is treated for accounting purposes as if the asset were purchased even though it has been financed over time. This form of lease is similar to an installment purchase and includes a specified special purchase price of $1 at the end of the term. With the same tax treatment as a loan, you can depreciate the equipment while deducting the interest portion of the payment. At the end of the term, there are no sales tax implications since there is no change in ownership. This type of lease is commonly referred to as a $1 Buyout Lease.
| The Capital Lease is another product that Altec Capital Services, LLC offers to our customers in an effort to become your Asset Management Partner. |  |
For more information on the Capital Lease or any of our other
products and services, please contact us toll free at 866-624-4093.