Northern Leasing in New York Reaches Out to Remind Businesses of Leasing Benefits
(1888PressRelease) 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. (1888PressRelease) New York, NY Northern Leasing, a market leader in microticket leasing, is reaching out in an effort to educate business owners on the benefits associated with point of sale equipment leasing, especially given the state of the current economy. 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. It is widely known that technology is constantly updated and older equipment quickly 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 equipment. Leasing equipment for a business allows the business to utilize its financial resources in more ways and to save business credit for future projects and expenses. When a business opts to lease equipment, it eliminates the large upfront expenditure associated with purchasing and its credit remains healthy and isn't negatively affected by "maxed out" credit limits. Another benefit of leasing business equipment is the tax advantages offered thereby, 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 as rental expense for tax purposes. Northern Leasing recommends that businesses talk to a finance professional with regard to the 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 Systems, Inc. Northern Leasing is a New Yorkbased equipment finance company that specializes in the origination and servicing of microticket leases. As the market leader in microticket 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. Northern Leasing leases are primarily for PointofSale (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. Leases are available for many different manufacturers of POS terminals, including Verifone, Hypercom, and Lipman. Northern Leasing also finances microticket business equipment leases beyond POS terminals. For additional information, contact: Cortes DeRussy Northern Leasing Systems, Inc. 132 West 31st Street 14th Floor New York, New York 10001 Tel: (800) 6835433 Fax: (212) 7600862 Cortes.DeRussy ( @ ) northernleasing dot com http://www.northernleasingpos.com Trackback URL: http://www.1888pressrelease.com/northernleasing/northernleasingsystems/northernleasinginnewyorkreaches outtoremindbusinessepr345444.html ###
Published on Oct 25, 2011
(1888PressRelease) Northern Leasing wants to remind business owners of the option to lease point of sale equipment and the many benefits ass...