OM01 Equipment Leasing: Strategies, Terms and Impact

Equipment leasing can have a significant impact on the firm's financial success. Coordinating your strategies for a technology refresh, financing and asset disposal can make your equipment spending more predictable, more effective and better aligned with your goals. Join this session to hear the benefits of leasing, and review the important aspects of the lease process. As you discuss the accounting, budget and tax considerations, you will also identify which terms and conditions will affect the logistics and economics of the lease.

Goals:

• Differentiate the different types of leases

• Discuss the considerations of leasing vs. buying

• Identify a new framework for IT budgeting

• Use leasing when managing expansions, office moves and technology upgrades

Mike Wiedemer is Senior Vice President at First American Equipment Finance where he serves as their national sales manager. He was the recipient of First American's "Chairman's Award" for excellence in character and leadership in 2002 and in 2008 was honored as one of Rochester Business Journal's "Forty Under 40." Wiedemer is an active member of the Equipment Leasing and Finance Association and has spoken at leading trade shows for the legal and insurance industries on the strategic use of equipment leasing.

Audience

Attendees should have a working knowledge of leasing practices and financial management.

CPE: Finance