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In all businesses, there are so many things that need to be cleared up. Equipment lending is no different. Axis Capital Group Inc Business Funding , a direct lender providing quality equipment leasing/financing services from its main office in Nebraska to almost all states in America, is yet to unfold some of the facts behind myths in this industry. 1. Contrary to what banks tell you, you do not have to put your money down to buy a commercial vehicle. Banks do need down payments when they finance homes and buildings so they can just carry that policy over to commercial vehicles but with legitimate vehicle financing companies, $0 down payment is needed. 2. You don't need to offer collateral when you loan. Most banks make it easy for themselves so they get some insurance from you. If you don't have big cash for the down payment, a banker will often ask for additional collateral like land title, pledging of your account receivables, buildings or even homes. In the equipment financing companies, this is not a good policy. The equipment you are purchasing should be the collateral to support your loan. Some agents would also scam you into putting all you've got for the loan. Don't get fooled into over-collateralizing your loans, just the equipment you are buying is enough collateral- nothing more. 3. Rules differ depending on the place you are at. The government's policy may affect terms with both banks and equipment lending companies. In most cities though, like Jakarta, Indonesia and Singapore as well as in Tokyo, Japan, some companies insist that you cannot get a 100% financing including tax, title and license (TTL). Equipment lending should be able to make a partnership with you, not take advantage of you. Equipment lending isn't 100 percent about avoiding risk; it's about helping your business get the financing terms you need. So the next time your bankers tells you they can't fi

When you demand business equipment in your business in Jakarta Indonesia or in wherever part of the world your business may be, the choices are to purchase for cash, finance or lease, financing or cash cause in essentially the similar tax consequences. A lease works out slightly in a different way as concerns the taxes. On the other hand, being a small business, you be suitable for added tax rests on equipment, which could crack the subject of finance or lease into an insignificant issue tax-wise. Purchase with Financing. When you acquires business equipment funded using standard financing, the tax handling of the equipment is similar to cash buying. In this case, you should be very wary of scams since it is very easy for con artists to enter in the picture. You can devalue and write off a piece of the equipment price every year. How quick you can downgrade and write off the acquisition varies on the category of equipment. The interest on the loan worked to buy business equipment will likewise be a deductible cost. Business Equipment Leasing, meaning the tax dealing of a lease differs on if it is a capital lease or an operating lease. Both are offered by Axis Capital, Inc. a group of companies based in Grand Island, Nebraska. Using an operating lease, the equipment returns to the leasing company when the lease is over. Through this kind of lease, the lease payments are tax-deductible payments. By a capital lease, there is a depleted residual at the expiration of the lease then the equipment is commonly kept by the business once the lease ends. A capital lease is handled in the similar way equally standard financing for tax purposes -- you need to denigrate the equipment worth. Saying that you are a small business and pay less than $1 or $2 million each year on equipment, when you review it, it actually does not count if you finance or consume a capital lease to get equipment. The section 179 deduction permits you to write off everyt