Asus Business Lease???

Is there any way to lease a laptop through my business? My partners and I need 3 laptops asap and I really don't want to get stuck with a Dell or an IBM.

I'd like to get 3 R1H's but don't know who to go through in Canada. I'd like to go with a 3 year lease term with optional trade in. Any suggestions?

 

Asus certainly doesn't have anything direct. We've looked into a lot of companies who do electronics warranties and leases and even the best out there is still a bit shady. I'm afraid if you want to lease, you're going to be looking at exactly what you don't want to.... The real question is though - why lease? Not as a general question, but if you can get your moneys worth out of them and then sell them, or donate them (write them off), or even just continue to use them granted Asus' much better long term hold up.... have you weighed the costs? I'm honestly interested to know if you have so you could let me know how it may or has worked out for you before?

 

This question peaked my interest as the laptop I'll be getting will be mainly for my work. I sent a question in to my management about this and I'll see what they say about work related purchases. I know some of the things I've had to get before could be written off.

 

Although I don't know all the benefits of leasing, I can lay out a couple for you.

3 laptops x 2000CDN = $6000

Canadian tax law stipulates that a computer can be written off at 45%/year
Year 1
6000 x 45% = $2700
Year2
(6000 - 2700) = $1485
etc etc.

I takes 3 years to write off the 90% of the value of the computers.

Lease on the other hand is 100% write off with the advantage of paying over time. In our situation, $6000 is going to take a large chunk out of our start up capital. Spreading the payments out over 3 years, we'd be spending $166/month which is $2000/year at 100% write off. We don't end up paying for anything that we can't claim at the end of the year and we can divert funds to other resources such as inventory or office space.

With most leases, you also have the option of a trade in which allows you to stay current with technology without turning your pockets inside out.

I'm sure their are other reasons to lease that I'm not aware of, but those are the primary ones that I can think of.


Anybody who is familiar with business, your opinions would be valued.

 

Another thing about Canadian tax law is that if you are an employee (rather than self-employed) and are allowed to deduct employment expenses then you have to lease the computer to get a write off at all.

Employees are not allowed to take depreciation on computers.