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Asked by Sabrina Mitchell on Jun 14, 2024

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The biggest advantage of leasing is the property tax that the lessee does not have to pay.

Property Tax

A levy on property that the owner is required to pay, typically based on the value of the property, and used by municipalities to fund public services and infrastructures.

Leasing

A financial arrangement where one party, the lessor, grants another, the lessee, the right to use an asset for a specified period in exchange for periodic payments.

Lessee

An individual or entity that leases or rents property or equipment from another under the terms of a lease agreement.

  • Understand the financial and operational considerations involved in choosing between leasing and owning business properties.
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Angie BailonJun 19, 2024
Final Answer :
False
Explanation :
The biggest advantage of leasing often cited is the lower upfront costs and the ability to access expensive or new equipment without the need for large capital expenditures. Property tax considerations vary by jurisdiction and situation, but they are not universally the primary advantage of leasing.

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