Financing
WHY SHOULD I LEASE MY EQUIPMENT?
Financing your equipment with a lease has many advantages over using a bank loan to buy what you need.
Advantages of Leasing
- Your lease payments are usually fully deductible, giving you a great tax advantage.
- We take care of everything! Leasing saves you the time and hassle it takes to find a bank and set up a loan for purchasing equipment.
- Leasing is flexible and offers more options when it comes to the type of equipment you get.
- 100% financing—no downpayment. You avoid a huge outlay of cash.
- Budget planning is easy because you know exactly what your monthly payments will be.
- It's usually easier to get a lease than a loan for new equipment.
- Since a lease is not a bank loan, your lines of credit remain freed up for other needs.
- Monthly lease payments are viewed as a business expense instead of long-term debt. Having little debt on your balance sheet helps you secure financing to fund other areas of your business.
Financing is available if you have been in business for at least 2 years.
Get the equipment you need to make your business thrive!
Lease vs. Bank Loan: | ||
LEASE |
BANK LOAN |
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Get approved quickly without extensive financial statements |
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Defer payments until the equipment is delivered |
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Avoid financial reporting |
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shows debt on balance sheet |
No large cash outlay / downpayment |
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downpayment required |
Regular monthly payments |
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Purchase used equipment |
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Have ownership options at the end of the lease term |
$1 Buyout Option |
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