CORONAVIRUS VACCINATION FAQS
CORONAVIRUS (COVID-19) VACCINATION FAQS
Borrego Health is excited to offer COVID-19 vaccinations at our clinics in Riverside, San Bernardino and San Diego counties. COVID-19 vaccine eligibility is based on local, State and Federal guidelines.
Borrego Health would like to take this opportunity to address some questions and concerns about the COVID-19 vaccine.
Frequently asked questions
What is equipment leasing?
An equipment lease is a rental arrangement between an equipment owner (the lessor) and a business owner (the lessee). The lessee gets to use the equipment by paying the lessor (e.g., finance company) monthly lease payments over a mutually agreed upon term length.
Can I lease used equipment?
Absolutely. You can lease used business equipment with Relinat Office Systems. Call 609-871-8595 today.
How do I qualify?
Your business needs to be operating for more than one year, and it needs to have $250,000 or more in annual gross revenues. Call 609-871-8595 for more information.
What types of leases are available?
We offer offers several types of equipment leases. These include fair market value (FMV) and dollar buyout leases, which are the two most popular and widely used options available. An FMV is a good choice if the equipment you are interested in quickly depreciates in value. A dollar buyouts is ideal if you plan on keeping the equipment at the end of your term.
What happens at the end of my lease term?
Fair market value (FMV) leases typically allow several options at the end of your term. Your first option is to return the equipment if your business has no more use for it. If you want to continue using the equipment without purchasing it, you can extend your lease agreement. Your last option is to purchase the equipment for its fair market value at the time. Dollar buyout leases allow the option of purchasing the equipment for $1 once the lease term expires.
Will my lease payments be elgible for a tax write-off?
In many cases, yes. If the equipment you lease qualifies for the Section 179 tax deduction, you can deduct the monthly payments from your taxable income. Not all types of equipment is eligible, and there are certain IRS requirements that need to be followed. So, make sure to consult with your tax professional. It is also a good idea to become familiar with the various kinds of Section 179 qualifying property.
We hope that that information is helpful in making you feel more comfortable about getting the vaccine. Though it is a new vaccine, the benefits of being vaccinated almost certainly outweigh the risks. We know what terrible consequences an infection with COVID-19 may have on an affected person. We are hopeful this vaccination will help us avoid becoming infected.
We at Borrego Health are happy to answer any other questions you may have concerning COVID-19 infection, vaccination or any other health concern in general.