The Leasing Policy and Procedure ensures leasing and buying decisions are made after considering and comparing options of ownership, especially in calculating total equipment costs, tax benefits, and economic life. The policy involves making lease options based on the overall good of the company, and in alignment with the overall financial strategies and objectives. The procedure applies to the Finance Department and any department requesting capital equipment. (8 pages, 1402 words)

Activities Covered in the Leasing Policy Procedure

• Leasing Plan
• Leasing Evaluations
• Reviewing Lease Evaluations
• Improving the Lease Evaluation Process

Forms Included in the Leasing Policy Procedure

• Lease/Buy Financial Analysis Form