Buy what appreciates - Lease what depreciates!
Short on cash, but need new equipment to grow? A Lease may be just what you need.
How does a lease work ?
Lease companies (Lessor) buy and own the equipment, and then "rent" the equipment to a business (Lessee) at a flat monthly rate for a specified period of time (Lease Term). At the end of the lease term, the business has several options available to them. They may purchase the equipment for its then fair market value (or a pre-determined amount), they may extend the lease, or they may return it.
What lease terms are available?
A Lessee can set up a lease for as short a term as 12 months to as long as 60 months.
Do I have a choice of residual values?
You can also set up a 10% residual, a Fair Market Value (FMV) Residual or a $1 buyout Residual.
Who is it for?
Any business at any stage of development, whether they are in a start-up mode or well established. Leasing equipment allows you to free up credit lines that would otherwise be taken.
Why should I lease?
Leasing will preserve your credit lines and conserve asset flow.
What can be leased?
Finance all equipment acquisitions ranging from Phones to Bulldozers. Leasing can also finance the soft costs often associated with equipment purchases, such as installation, training services, and software.
Is leasing easy?
An application for a small-ticket lease is generally no more complex than a credit card application.
Small ticket leases ($100,000 or less) are usually approved based on the stability of the company or on the personal credit of the business owner. Leases for more than $100,000 require detailed financial information from the business, and the leasing company conducts a more detailed credit analysis.
For more information, please contact us.