WE STRUCTURE LEASES TO SUIT THE UNIQUE NEEDS OF YOUR BUSINESS
Because every business is different, Viking Financial Services offers both tax leases and lease purchases (finance leases) with flexible end of term options.
Compare these advantages:
TAX LEASE:
- Not capitalized on your books.
- Neither shown as a liability or as an asset on the balance sheet.
- Monthly payments are fully deductible operating costs and are expensed directly on your profit and loss statements.
- The strength of the balance sheet is not affected so the company appears less leveraged.
- Lessee maintains the option to purchase equipment at the end of the lease term.
LEASE PURCHASE
(Finance Lease)
- Leases are treated as purchases
- Capitalized on your balance sheet
- Depreciation and interest expense is charged to your monthly P&L statements.
- Buy-out terms are usually pre-defined.
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