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Why lease a tanning bed The advantage when you lease a tanning bed is that you only require a small amount of cash usually in the form of your first and last payment meaning that you don’t have to put all your working capital or savings into the equipment. This other money can be used for other business expenses or personal household expenses. If you own a salon, when you lease a tanning bed, it becomes a tax deduction for you. All lease payments are 100% deductible. With the new tax changes, owning the equipment outright and charging depreciation is not as attractive as it used to be. Monthly payments will never vary and the equipment may be under warranty during the lease period. |
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