In an effort to provide for you the most accurate program we at National Equipment Leasing have provided this comparison so you may have data to make an intelligent choice. NOTE: We are not tax consultants, please check with your accountant before using these formulas.
Example:
Equipment cost: $10,000
Bank lending rate: 8.75%
MACRS equipment life: 7 years
Lease & Finace term: 36 months
Bank Finance | National Equipment Lease |
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Payment: $316.84
Corporate Tax Rate: 38% Depreciation per yr.: $1,44.57 $1,448.57 / 12 = $119.04 per mo. $39.01 + $119.04 = $158.05 tax deduction $158.05 / 38% tax rate = $60.05 tax credit $316.84 - $60.05 = |
Payment: 317.42
corporate tax rate: 38% $317.42 X 38% = $120.61 tax credit $317.42 - $120.61 = After tax payment of $196.81 Total of payments after tax = $7,085.16 $7,085.16 + $1,000 lease end buyout Total including buyout $8,085.16 |
After tax payment of
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After tax payment of
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We are located:
7215 E. 21st. Street - Suite F
Indianapolis, IN 46219
Phone: (317) 352.9797 - Toll Free: (888) 613.9797 - Fax: (317) 352.9707
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