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Stesso

Comparing Renting, Leasing, and Buying Equipment

0:50
24:37
5.7K views

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Keynote Speech-Your mouth makes you your money part 4 4 k video

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What happens here

He explains that renting equipment is 100% tax-deductible but comes with a higher rate. Leasing is also 100% tax-deductible but involves a longer-term commitment. This means that if you lease a machine for six months but only use it for five, you still pay for the full six months. He then details that buying equipment, while potentially offering immediate tax benefits if done strategically, requires careful timing. The speaker emphasizes that these decisions should be made based on your year-end tax situation, encouraging the audience to consult with their accountant to understand the best option for their specific financial year.

Goal: Understand the tax implications and commitments of different equipment acquisition methods.

What they say

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for about 20 minutes a day and just talk to the customer are you guys this is the big conclusion this is the final part of our your mouth makes you your money series and this is going into the you listen while you work playlists and I've got a brand new squirrel and hopefully this one doesn't try to jump oh I just crapped yep it's always something interesting with these guys and so anyway you guys this is part of the series that lets you strap on a set of headphones and tune in without necessarily having to see what's happen in the video so the success of this depends upon you guys interacting with the video let me know what you think hitting the hit a like button and or comment down below all those things actually make a big difference you guys don't realize just how powerful you guys are because honestly the YouTube's algorithm ways every time you interact with the video without with that being said let's get into today's video what do you think let's do it yeah so what would be the advantage of leasing versus buying versus renting okay renting is 100 percent deductable but you're gonna pay a higher rate okay you're gonna pay the highest rate to rent leasing is 100% tax deductable you're gonna have a longer term commitment so if you're gonna use that machine for you're gonna lease it for six month you may only actually work it for five because it may just be parked but you still got to pay for six months right and then you purchase it if the text if it's a if the taxes are right for your year that's something important to get you wrap your head around it's to make sure that you don't just buy a machine

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