3.Advantages and disadvantages to leasing ●Advantages ●Disadvantages Flexible More expensive Convenient Salvage value Lower payments Difficult approval for Avoid some risk of modifications obsolescence May not be canceled Smoother earnings and EPS 100 financing Liquidity 剥外经价贫多方号 YO年N0事0E000zAdvantages – Flexible – Convenient – Lower payments – Avoid some risk of obsolescence – Smoother earnings and EPS – 100 % financing – Liquidity 3. Advantages and disadvantages to leasing Advantages and disadvantages to leasing zDisadvantages – More expensive – Salvage value – Difficult approval for modifications – May not be canceled