Yes.. it' easier to qualfy for a lease then a loan. However there are disadvantages to both loans and leases.
Pros of a loan:
The item is yours as long as you make your payments.
You can lower your current year taxes if you take a Section 179 deduction-- meaning deduct the entire price off your taxes in the year you bought the item ( this might hurt in future years)
If you are in the 50% total tax bracket- then it' like the govt paid for half the costs.
Cons of a Loan:
Payments might be higher then a lease.
Harder to qualify for.
Pros of a lease:
Easier to qualify for, so you may be able to get better equipment.
The payments might be loan then a loan.
Don'
Need a big down payment.
Easier to get new equipment every 3 or so years.
Cons of a lease:
You can't take the Section 179 deduction.
There will almost always be a big surprise in "Bend Over" fees at the and of the lease.
Kip, who handles the leasing for bulter and i think
aerotech, is wonderful to work with.
I couldn't qualify for a basic TM/van setup but Kip got me into a
Vortex instead.. amazing
So give Kip a call, an maybe you will soon be driving a pimped out
Aerotech or
Butler.
Good luck