Analisis Perbandingan Antara Pendanaan Hutang Jangka Panjang Dengan Leasing Dalam Pengadaan Aktiva Tetap (Studi Pada PT. Pion Berkah Sejahtera Malang)

Fixed assets is an important part in the activities of production companies, mainly vehicles in service companies such otobus. Busses being the only fixed assets used in the activities of the company to generate revenue through the tourist bus rental services. Research carried out in PT. Pion Berkah Sejahtera Malang which the company will perform additional one unit of tourist buses which requires substantial funds and should seek alternative sources of financing long term debt or leasing for the company internal resources are not sufficient to make the purchase in cash so that the company hattush seek external funding sources. The present value calculation results indicate long term debt and leasing of Rp.1.083.394.326,00 of Rp.1.163.462.880,00. The ratio between the long term debt by leasing shows the difference of Rp.80.068.554,00. The decision shows an alternative long term debt has the smallest compared with a cash outflow and the leasing company can save costs by Rp.80.068.554,00