Leasing Offers Many Advantages
Obtain Necessary Equipment Now Acquire new equipment when you need it to improve your operations and the bottom line. Avoid obsolescence by updating your equipment. Provide yourself a hedge against inflation by leasing. Instead of waiting to purchase equipment outright, when sufficient funds are available, the equipment can be acquired and utilized now at a pre-inflated price.
Leasing is Convenient & Fast
A lease of up to $25,000 can normally be obtained within one business day. This is particularly important during busy times of the year, when attempting to increase equipment loans can be difficult and time consuming. If you wish to trade for newer or more expensive equipment later on, you will only be charge for the amount of the trade, and the existing lease will be paid off at the initial term and rate.
Leasing Offers Increased Tax Benefits
Accelerate the expensing of equipment. Lease payments are expensed quicker than with Capital Cost Allowance (depreciation). This can mean a substantial tax savings and as a result can be a favourable alternative to financing. Terms of the lease can allow for acquisition of the equipment at the end of the lease.
Running a successful business demands flexibility and the ability to take advantage of opportunities as they arise. Leasing does not drain valuable working capital necessary in the rest of your operation. The benefit is that you acquire the assets you need without hindering your flexibility.
Improve Budgeting by Leasing
With leasing, you know exactly what your payments will be for an extended period of time. There are no surprises due to interest rate swing, price increases, etc. Large one time capital outlays are avoided, and payments can be tailored to match cash flows.
Preserve Credit Lines
Improve cash management and conserve your established credit lines. A lease will leave your bank lines unchanged, whereas additional equipment loans through a bank may adversely affect future borrowing power. This can provide peace of mind, as your established credit will still be in place, in case of unforeseen events.
• Agriculture Equipment
• Grain Bins
• Steel Buildings
• Commercial Equipment
• Office Equipment
• Materials & Handling Equipment
• Plus much more
All clients who require financing for steel buildings can contact Vern Heinrichs and he will be glad to discuss financing options to best suit your needs.
Lease Finance Specialist