California Lease of Goods San Diego
California Lease of Goods San Diego Summary
Leasing equipment and other goods is an alternative method of financing the acquisition or sale. The benefit of using a lease instead of a purchase acquisition include:
• Possible tax benefits of leasing rather than owning equipment and other goods;
• Lower entry costs compared to down-payments required to purchase; and
• Allows for temporary use of long-lifespan equipment.
No lease should ever be considered without proper lease documents and a security agreement in place to protect the title of the leased equipment or goods.
California Lease of Gods San Diego Details
Leasing equipment and other goods is an alternative method of financing the acquisition or sale and is often overlooked as an option by both buyers and sellers. Similar to the buyer, financer, and seller relationships used in purchase and sale agreements, equipment and goods leases have a lessee (who wants the equipment or goods), a lessor (who finances the lease), and a seller (who sells the equipment or goods to the lessor for lease to the lessee). As with sales, sometimes the lessor and the seller are the same party. In either case, the lessee makes periodic payments to the lessor for the right to possess and use the property while the lessor retains title and ownership of the property.