People choose to lease for a wide range of reasons. Thanks to its flexibility, leasing can help meet a variety of goals that businesses might have. Below are some of the more popular reasons cited for choosing leasing to support their equipment acquisition choice.
Lease almost any kind of equipment: Almost anything a business could use to operate or generate revenue including machine tools, construction equipment, copiers, computers, software, office furniture, manufacturing equipment, medical/dental equipment, etc. can be leased. From single items, to an entire office or plant, all are available through our leasing programs.
Stay on the Edge; Avoid Obsolescence: With today’s rapidly moving technology, some equipment can become obsolete relatively quickly. Leasing frequently enables you to acquire the new equipment you need without having to keep costly equipment working years beyond its profitable time.
Project costs more accurately: Leasing provides known payments over a specified period. Leasing helps take the guesswork out of budgeting.
Pay as the cash flows: Is your business seasonal; your business cycle predictable? Why not pay for that new equipment when it is paying for itself. Leasing is flexible because there is the option of customized lease payment schedules also known as a Seasonal Lease.
Fixed lease payments: Fixed payments enable a lessee to more accurately predict equipment costs and cash needs.
Capital Conservation: If it appreciates, buy it. If it depreciates, lease it. Leasing provides an alternate source of credit and financing more suited for depreciating assets.
Overcome Budget Limitations: Often a business’s budget only allows the purchase of what they absolutely require, not what they really need.
Conserve Credit Lines: With leasing, you can get the equipment you need now without disturbing your present bank credit lines. Preserving your bank lines for other possible uses means the same thing to you as expanding available credit.
Possible tax advantages: Lease payments are often treated as fully deductible expenses. This may mean a more rapid write off to you. Because the lease term is generally shorter than the depreciable life, payments can be expensed in a shorter duration.
Virtually 100% Financing: Practically any other financing demands a substantial down payment, deposit or compensating bank balance. By leasing, you can quickly acquire use of the equipment you want without major cash outlay.