Why Should I Lease Equipment Instead of Buying It Outright?
Leasing equipment provides the lessee with the following benefits of utilizing the equipment without having to pay the up-front costs and assuming the risk of ownership.
A lease is one of the best ways for businesses to stay on top of the technology curve. With so many new developments (particularly in the technology areas) equipment leasing can be less expensive than buying.
Minimal Cash Outlay
No down payments and in most cases only one or two advanced payments may be required.
Overcome Budgetary Limitations
Capital expenditure budgets have a tendency to limit equipment acquisitions from time to time, and can prohibit you from getting the necessary assets needed to accomplish the business goals. Leasing can be structured as an off-balance sheet transaction and paid for out of monthly operating expenses instead of capital expenditure budgets.
Avoid Equipment Obsolescence
With a lease, you pass the financial burden of obsolescence to the equipment leasing company. With a properly structured lease you just return the equipment to the funding source and replace it with the latest and more advanced technology.
Stay Ahead of Your Competition
Remember; The real benefits of leasing come from "using the equipment... not owning it". With a lease you are basically renting the equipment. At the end of the lease term, you can have an option to take ownership., if needed.
Conserves Business Working Capital
With little or no money out of pocket, and monthly payments that meet your cash flow budgets, you can leave valuable working capital in the business and use it to grow revenue and marketshare.
Tax Benefits and Bonus Depreciation
Tax benefits continue to constitute some of the best justifications for equipment leasing. Significant tax deductions with lower cash outlay in payments makes leasing the true winner over an outright cash purchase.
In many cases you can quality for new or used equipment leases with a simple one page application. It is not uncommon to have approvals back within a few hours. Lease applications with more complex issues may take a few days to get approved. However, when compared to the weeks and weeks of processing at banks... not so bad.
Leasing your equipment will allow you to lease 100% of the equipment. software , install and training all in one financial package.
Contact us today and speak with one of our Finance Specialists about your specific needs.