Why Lease Equipment?
Banks may require as much as 20% down on machine purchases, while Leasing covers 100% of the equipment cost. In most cases, that can include the cost for freight, installation and required software.
Leasing offers potential tax advantages of depreciation and interest expense with the $1.00 lease or, you may expense the monthly payment with a Fair Market Value (FMV) lease. Consult your tax advisor to determine the best option for your business.
Conserves Working Capital
Equipment leasing can ease the strain on working capital. You retain available lines of credit at other financial institutions for emergency needs, current cash flow purposes, investments, and other profit generating activities. Lease payments can be structured into longer terms and lower payments to fit your budget.
Unlike bank lines of credit with variable rates, Lease payments are locked in. This helps with planning for other financial requirements.
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