Allstate
Body-Solid has teamed up with Allstate Capital Financing in order to offer our Dealers a flexible option to fulfill their financing needs. More companies, particularly small companies, acquire new productive equipment through leases than through loans. Of the $850 billion spent by business on productive assets in 2006, $229 billion, or 27 percent, is estimated to have been
acquired by American businesses through leasing.
Business owners who buy capital equipment - fitness, machinery, computers, and other tangible goods, usually prefer to deduct the cost in a single tax year, rather than a little at a time over a number of years. The benefit of Non-Tax/Capital Leases is that they can take advantage of IRS Section 179 and expense up to the amount allowed for the year the equipment is installed. You may depreciate any excess on the depreciation schedule for that particular asset. Examples of this type of lease include $1.00 Buyout and 10% Purchase Upon Termination (PUT) leases. Since tax situations differ, please consult a tax advisor about the specific benefits on your business.
Download the files below for more information regarding Allstate Capitals Financing options, or click here to start your applictaion today.
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