Analisis Perbandingan Pendanaan Leasing dengan Hutang Jangka Panjang dalam Pengadaan Aset Tetap (Studi pada Perusahaan Kacang Shanghai “Gangsar” Tulungagung)

摘要

Analize of comparison between financial leasing and long term debt in procurement fix asset is needed by company to take decison about investment. Leasing is a deal or contrac between lesor and lessee to rent a fix asset. Long term debt is financial responsibility of company where the paying off will be done in more than one period of acconting or more than one year. Case study approach is applied in this research since this research belongs to describe research. Alternative which have lowest cash outflow will be chosen. Base on the calculation from this research, this research show that (PV) present value of cash outflow leasing is IDR 1.225.701.682,22, while in the cash outflow of long term debt is IDR 1.146.465.228,13. We could see there is a difference between leasing and long term debt cash outflow is about IDR 79.236.454,09. It\u27s caused by the reduction of interest in long term debt so that make different of tax saving. In leasing, tax saving is fix every month until the end of contract. But the company will use option to be owner of asset so its must pay the number of residual value in the end of contract. It is make total PV cash outflow of leasing in the end of 3th year look big. Base on calculation of cash outflow, long term debt is the better choice for Shanghai “Gangsar” Company because it can decrease company expenses.