Leasing payments are due on the 25th of each month. This date may not be changed.
It’s not possible to cancel a leasing contract, it is irrevocable.
The equipment belongs to Ayiti Leasing which leases it to you.
The equipment belongs to Ayiti Leasing and may not be sold during the term of the contract.
Payments can be made by check or in cash.
Leasing enables the company to reduce its taxable income and hence its taxes. In fact, the paid leases do not appear on the company’s balance sheet, they represent operating expenses deductible from the taxable income. For the same good, the deductible amount for a lease is generally higher than the fiscal amortization from which the company could have benefitted as the owner.
During the contract, the company (client) remains as the equipment lessee; it is an off-balance-sheet arrangement. The equipment does not appear as an asset on the company’s balance sheet. Consequently, the liabilities are not affected by a debt increase. The solvency and indebtedness ratios (example: indebtedness / balance sheet total) are not modified and the company maintains its loan capacity.
An off-balance-sheet arrangement usually refers to a financial commitment, guarantee or activity not included in a company’s balance sheet.