Tania Tonkin, a director of accounting practice dmca advisory, says there are numerous elements to take into account when it comes to leasing or buying a fitout.
“If you choose to lease the fitout, you will need to be in a position to make regular repayments, usually on a monthly basis for a set term, based on the expected life of the fitout or equipment,” she explains.
Another popular option is to buy the fitout or equipment under finance. Says Tonkin: “This arrangement involves regular repayments that are similar to a lease for a set finance term, usually based on the expected life of the fitout or equipment.” The main difference is that legal ownership of the equipment is with the purchaser from the start.
You can read the full article by Alexandra Cain here.