Krympress reports:
How leasing differs from a loan is a question that sounds more and more often when it comes to buying a car or equipment. It is useful to understand these concepts so as not to overpay and choose the right tool. In this material, we will consider in detail the features and help make a rational choice.
When there is a choice between leasing and credit
Imagine the situation: the entrepreneur opens the service center and is looking for a new van for delivery of parts. Or the family decided to purchase a car, but does not want to immediately invest all the savings. It is in such cases that the question arises — which way to choose to choose.
In a business environment, a similar choice is found regularly. Companies need to update the equipment park, purchase equipment or transport for expanding the business. Private customers, in turn, also think about how to buy a car more profitable without freezing large amounts.
Typical scenarios when compared leasing and credit:
- Buying a commercial car. For example, food delivery or service services.
- Purchase of special equipment. Cranes, loaders, agricultural equipment.
- Acquisition of equipment for production. Assembly lines, machines.
- Personal purchase of a car. When you need transport for a family or work in a taxi.
Sometimes intermediate solutions are added to the classic options. For example, an entrepreneur who is still waiting for the approval of leasing can be formed fast Bail loanto temporarily support working capital. This is not a replacement of leasing or credit, but only a short -term measure.
How does leasing work in practice
Car leasing this in simple words is similar to long -term rental with the right to buy off. A person or company gets the opportunity to use a machine or equipment, and pays for this according to a pre -agreed schedule.
How the process goes:
- The choice of the subject of the transaction. The client selects a car or equipment that is needed for work or personal purposes.
- Application and approval. The leasing company checks the documents and makes a decision.
- Conclusion of the contract. The term, the amount of the advance payment and regular contributions are determined.
- Payment on schedule. Monthly payments include depreciation of value, sometimes insurance and service.
- Ransom. At the end of the term, the client can redeem the object for the residual cost or return it to the company.
Example. A car worth 2 million rubles is taken for 3 years with an advance of 20 %. As a result, the monthly payment will consist of part of the cost of the car and additional services. For business, such payments can be taken into account in expenses, and a private client simply receives a convenient way to distribute costs.
Leasing is used not only in companies. Many private clients also take the technique in this way, because it is flexible and does not require large investments at once.
How a loan works and what is important to know in advance
A loan is a financial instrument in which the bank or other organization gives you money to buy, and you undertake to return it with interest. For business and private individuals, the rules of receipt are generally similar, but the nuances are different.
What to consider:
- Type of loan. There is consumer, car loan or target for business. Each has its own conditions and interest.
- Documents. Confirmation of income, passport will be required, and for legal entities also financial statements.
- Interest rate. The better the credit history, the lower the rate.
- Insurance. Banks often require a casco policy or equipment insurance to reduce their risks.
Common mistakes:
- Underestimation of full overpayment. It seems that the payments are small, but if you add them for the entire term, the amount will be tangible.
- Ignoring the graphics. Delayes lead to fines and worsening credit history.
- Lack of airbag. If the income is unstable, the loan becomes heavy load.
For a business, a loan often means the quick registration of property in property, and for a private client — a way to get a car today, but with obligations for several years to come.
Leasing or loan: we analyze the key differences
When the question arises that it is better to a loan or leasing of a car or equipment, it is important to compare them in a number of parameters, and not just by the size of payments.
Ownership. In case of loan, property is immediately registered on you. In leasing, it is listed behind the leasing company until the end of the contract, and only after the redemption becomes yours.
Payment schedule. In the loan, the monthly payment consists of a debt and interest body. In leasing, payments are often fixed and may include insurance, service.
Impact on accounting. For companies, leasing is convenient in that payments can be attributed to expenses, reducing the tax base. The loan requires the setting of property for balance and write -off through depreciation.
The possibility of early closure. Banks allow you to repay the loan faster, but sometimes with the commissions. Leasing companies also offer early termination, but the conditions are individual.
An example from practice. The company operating in the field of delivery compared two offers: a loan on a van with a interest rate of 12 % and a leasing with an advance of 30 %. As a result, leasing was more profitable due to tax benefits, although the car would be issued for the company only three years later.
The advantages of leasing:
- Less initial costs.
- It is more convenient for accounting in expenses.
- The ability to include service services.
The advantages of the loan:
- Property at once.
- Flexible repayment programs.
- Suitable for long -term use of property.
What to look for when choosing
- Evaluate how long you plan to use property.
- Calculate the final cost taking into account all the commissions.
- Specify whether it is possible to redeem the object ahead of schedule.
- Check how payments will be reflected in accounting.
- Consider the residual value of the leased asset.
Real examples: how companies solve the issue of financing
In theory, everything looks simple, but in life decisions are often made taking into account dozens of details. Consider several short cases.
Case 1. The cafe network planned to update cars for delivery of products. The financial director chose leasing, because payments could be written off for expenses, and after three years the equipment turned into property without unnecessary costs.
Case 2. A small construction company urgently needed to buy an excavator for a new facility. They issued a loan, as an immediate registration of property was required to participate in public procurement. The percentage was higher, but the equipment immediately became an asset of the company.
Case 3. Logistics The company was faced with a temporary box office. While the issue with a leasing contract for a new batch of trucks was being resolved, they issued Money secured by a car with a specialist departure. This made it possible not to stop the work and close the current obligations. After a couple of months, the company signed full leasing.
Expert commentary. “The choice of the tool depends on a specific task,” explains the financial analyst Andrei Kolosov. “Someone appreciates the tax advantages of leasing, and someone prefers a loan to immediately own the asset and use it as a key to other transactions.”
Other financing methods that you should know about
In addition to the usual schemes, there are alternative tools that help to flexibly solve financial problems. They do not replace leasing or loan, but sometimes turn out to be useful.
Installment plan. Many sellers offer to divide payment into equal parts without interest. Suitable for relatively inexpensive purchases when a simple and understandable scheme is needed.
Factoring. The business can sell the accounts receivable of the financial company and receive funds immediately, and not wait for payment from customers. This accelerates the turnover of capital.
Craudland. Collective financing platforms allow you to attract money from private investors. Conditions can be flexible, but require a careful study of the contract.
These tools expand the possibilities of budget planning and help to choose exactly the option that will not overload the company’s financial system or personal balance.
Summing up
Leasing and credit are two different approaches to financing, each with their own characteristics. Leasing is convenient when flexibility and reduction of tax load are important. A loan is chosen by those who need to immediately get the right of ownership. By weighing the goals, terms and expenses, you can choose the optimal tool and avoid unnecessary costs.
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