Recently, Congress passed the Economic Stimulus Act of 2008, which allows many businesses to deduct the entire cost of equipment acquired and placed in service in 2008. An additional benefit is that you or you customer can finance and still deduct the full cost of the equipment while making lease payments over time. Your sales team can also use this as a closing tool to assure delivery and installation before year end.
Lessees will actually put money in their pocket the first year because the tax savings will exceed the lease payments during 2008. These savings are an interest free loan from the government. To make this benefit even more attractive, Reyna is offering 66-month lease terms with no payments for 6 months. *
For example, the first eight payments for a $25,000 Finance Lease accepted in June 2008 would look like this:
June 2008 $1,089 (Deposit)
July – Dec 2008 $0
Jan 2009 $544.50
You or your customer may receive up to $10,000 in tax benefits in 2008 while paying as little as a $1,089 deposit. The equipment needs to be placed in service in 2008.
*Please consult your tax advisor regarding the impact of these tax benefits on your particular situation.
**Standard rates apply outside this promotion.
For more information on how Reyna can work for you, call us at 1.888.842.4176.
Business Provisions of the Economic Stimulus Act of 2008 June 2008
Economic Stimulus Payments News and Legal Guidance June 2008
Economic Stimulus Payment FAQs: Business May 2008
2008 Economic Stimulus Act Provides Tax Benefits to Businesses Feb 2008
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