Advantages of Leasing

Equipment leasing offers a number of important advantages:

Leasing provides 100% financing
Most leases simply require first and last payments paid in advance and a small
documentation fee. No security deposits or up-front money is required. Enterprise
Financial Solutions, Inc. (EFSI) pays your vendor in full including installation, delivery and
taxes unless state law prohibits.
Leasing preserves credit lines
Credit lines with banks and other depository institutions are precious and hard to establish.
Conserve those lines for inventory, A/R or other uses and emergencies. EFSI will take care
of the financing for your capital equipment so that your lines of credit remain free.
Leasing increases purchasing power
Your needs may be for a $50,000 machine but your available cash/credit only allows for
$30,000, hence you settle for a smaller piece of machinery that only meets your needs halfway. EFSI can increase your purchasing power by allowing you to finance the needed
equipment for the job. That way you get the equipment you need to meet demand and
promote growth.
Leasing balances usage and cost
Leasing makes sense when the equipment you use creates a return that exceeds its cost.
In other words, leasing allows you to set a fixed monthly payment for the use of equipment
that creates an anticipated return exceeding that payment. That way you are certain that
your operation is profitable and the equipment serves its purpose.
Leasing provides fixed rate financing
Leasing is not subject to market fluctuations and interest rate increases. You can negotiate
the monthly payments up front and secure a fixed rate for the life of the lease. This makes
it much easier to project cash flow and budgets for planning purposes.
Leasing conserves working capital
Keep your hard-earned cash on hand or invested. Enterprise Financial Solutions, Inc.
enables you to enjoy the working capital your company receives since it covers all costs
associated with capital equipment purchases. This ability to grow and keep your cash
ultimately puts you ahead of your competition and ensures long-term profitability.
Leasing is convenient
Unlike dealing with bank loans and other alternative types of financing, leasing is an easy
and convenient process. Typically, all we require is a one-page application for any request
up to $50,000. Any request above that amount will require some financial disclosure.

Leasing is tax-advantaged
When structured properly, a lease agreement may allow you to receive tax benefits. These
benefits and their availability are subject to an array of factors and we suggest you talk with
your accountant about these benefits. Similarly, any tax benefit received from the
ownership of the equipment by EFSI is passed on to the lessee through competitive rates
and lower fees.
Leasing is a hedge against inflation
Since your payments apply to the use of the equipment you do not pay for ownership on
equipment that consistently depreciates. Furthermore, your cash savings can yield a return
that fights inflationary pressures.
Leasing provides flexible payments
Lease payments can be structured to meet your needs. This adjustment is possible by
correcting the residual value of the equipment due at lease end. By changing your end of
lease balloon payment from $10,000 to $25,000 for example, you can lower your monthly
payment significantly.
Leasing provides options
Leasing provides flexible end of lease options. Equipment at the end of the lease term can
returned, extended or purchased.

Off Balance sheet financing

Contoh Leasing
PT X memperoleh truk berat dari dealer dengan cara leasing kepada PT Y Lease
Company dengan rincian sbb :
Lease term 6 tahun dimulai tgl 2 Januari 2014 dengan lease agreement
noncancelable dan terdapat bargain purchase option pada akhir periode
leasing
Harga tunai truk berat tersebut diketahui Rp 300.000.000
Tingkat bunga yang dikehendaki PT Y LC adalah 12% dan ini diketahui oleh PT
X
Jumlah angsuran yang harus dibayar oleh PT X setiap tahunnya dan dimulai
tgl 2 januari 2014 adalah Rp 75.649.652 dimana dalam angsuran tersebut
termasuk di dalamnya biaya administrasi dan pajak kendaraan bermotor
sebesar Rp 10.500.000.
PT X menggunakan metode penyusutan saldo menurun ganda baik untuk
keperluan fiskal maupun untuk keperluan pelaporan keuangan komersialnya
dengan masa manfaat ekonomis mengikuti ketentuan fiskal.
Berdasarkan data tersebut berapa biaya bunga, biaya penyusutan, dan biaya SGU
yang diakui dalam laporan keuangan PT X baik komersil maupun fiskal?

Jawab
Dari tabel annuity present value due $1 diketahui bahwa i=12% dan n=6 adalah
4,60478.
Jumlah angsuran leasing tanpa biaya administrasi dan pajak = Rp 65.149.652;
sehingga nilai tunai truk yg menjadi objek leasing = Rp 300.000.000 = 65.149.652
X 4,60478
Berdasarkan data tsb dapat dibuat tabel angsuran leasing sbb :
Tgl
Angsuran
Biaya
Angsura
Bunga
Pokok
Sisa
Seluruhny
Adm &
n
12%
Leasing
Kewajib
a
PKB
Pokok + Dari sisa
yg
an
Bunga
Kewajiba Dikuran
Leasing
n
gi
1/1/14 75.649.652 10.500.00
65.149.6
0
65.149.6
234.850.
0
92
92
308
1/1/15 75.649.652 10.500.00
65.149.6 28.182.03
36.967.6
197.882.
0
92
7
55
652
1/1/16 75.649.652 10.500.00
65.149.6 23.745.91
41.403.7
156.478.
0
92
8
74
878
1/1/17 75.649.652 10.500.00
65.149.6 18.777.46
46.372.2
110.106.
0
92
5
27
652
1/1/18 75.649.652 10.500.00
65.149.6 13.212.79
51.936.8
58.169.7
0
92
8
94
57
1/1/19 75.649.652 10.500.00
65.149.6 6.979.935
58.169.7
0
0
92
57
Jumla 453.898.1 63.000.0 390.898. 90.898.1 300.000.
h
54
00
154
54
000

Perlakuan akuntasi
1/1/2014 Leased Equipment/Truck
Lease Payable
1/1/2014 Lease Payable
Vehicle Tax
Bank
75.649.652

300.000.000
300.000.000
65.149.692
10.500.000

31/12/2014 Depreciation Expense-Leased Equipment

Accumulated Depr-Leased Equip.

75.000.000
75.000.000

Secara fiskal maka penyusutan aset leasing harus dikoreksi positif lalau yg mjd
biaya adalah jumlah pembayaran angsuran pokok leasing.