Every business needs new equipment at some point. Existing equipment gets old and outdated, and additional equipment is often needed to grow a business. We recognize that it is more important to have and use the equipment than it is to own the equipment.
There are many advantages to leasing over other financing options. Here are the reasons we feel are most important to them:
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Credit Availability - Leasing preserves lines of credit.
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Conserve Working Capital - Get the equipment and technology needed today while spreading payments over time. Capital budgets can be used for other business expenses and more productive operational uses.
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Flexibility - Changes in the economy, emerging competition and expansion require flexible options for a small business. Leasing allows a business to grow or change with the tide quickly, without large up-front costs.
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Tax Advantages - For most leases, businesses can deduct monthly lease payments. The benefits and amount changes annually.
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Budget Friendly - Leased equipment can create income for a business that far exceeds the cost of a monthly lease payment. Budgets can be stretched to obtain additional equipment that you couldn't have afforded otherwise.
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No Down Payment Required - Unlike some loan programs, you can finance 100% of the equipment, and include additional costs such as software, shipping, installation, maintenance and training into the total package.
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Fixed Monthly Payments - Leasing allows you to use equipment you need, for as long as you need it, with a fixed monthly payment. If interest rates skyrocket, your payment does not change.
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Choose Payments and Terms - You know how much your business can afford to spend on your new equipment. With leasing you can pick the best plan for your business. Extended terms, flexible payments and equipment upgrades are all available.
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Leasing Plans |
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FAQs |
LEASE vs. CASH PURCHASE vs. BANK LOAN
What method is right for you?
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CAN YOUR CUSTOMERS... |
LEASE FINANCING |
CASH PURCHASE |
BANK LOAN |
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acquire equipment without a substantial cash outlay? |
YES |
NO |
NO.Most banks require a large down payment. |
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upgrade or add equipment without difficulty? |
YES |
NO |
NO.Most banks require re-application for another loan. |
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match payments to their current cash flow? |
YES |
NO |
NO |
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avoid affecting their bank lines of credit? |
YES |
N/A |
NO.In fact, they will be affecting it a great deal. |
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delay payments until after the equipment begins to pay off? |
YES |
NO |
NO.Payment is required right away. |
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get approval for financing in one day? |
YES |
N/A |
NO.It could take days or even weeks. |
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deduct all or most of the monthly payments from their taxable income? |
YES |
N/A |
NO |
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