How to Lease a Colon Hydrotherapy Machine
Colon hydrotherapy equipment is a key part of any colon therapy business. However, this equipment is not cheap. This means that buying it is going to require a large amount of capital, which will either eat into your line of credit, reduce your cashflow or both. There is an alternative, though--you can lease, which will keep your costs fixed and your cashflow free for other purposes.
Instructions
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Choose a net lease if you want to keep your lease costs down. Be aware that this kind of lease will likely come with hidden costs, as you need to pay for maintenance and repairs yourself.
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Choose a serviced lease if you want to fix your costs. These leases are similar to purchasing insurance--you pay more for a serviced lease than you would for a net lease, but repairs are covered.
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Determine what kind of lease term will work for you. If your business is volatile, then a 20-year lease is probably not prudent, even though the monthly fees will be lower than a shorter-term lease.
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Deduct your lease payments from your tax return each year once you've completed your lease.
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Tips & Warnings
Make sure you define every single part of the lease in the contract. If it is a serviced lease, ensure the exact services covered are spelled out. For lease terms, establish a fixed starting and finishing date. This protects you and the owner.
