New or used equipment is a requirement to grow your business - in fact, a recent Gallup survey found that 80% of businesses lease a portion of their equipment. The list of companies using leasing ranges from the Fortune 500 to mom & pop shops. 

 

Managing cash flow is a challenge for businesses of all sizes especially when you need to add or replace equipment. Leasing can put that equipment to work for you without a major capital investment and with real cash-flow advantages. Here are the key benefits for leasing equipment:

 

Low Monthly Payments

Leasing gives you use of equipment without having to wait to pull the full cost of the equipment together and often requires lower payment than other methods of financing. 

 

Acquire Equipment Without Tying Up Capital

Where other types of financing require a hefty down payment, leasing is 100% financing.

 

Protect Your Lines of Credit

Lease payments have no impact on your credit lines with your bank. 

 

Maintain a Competitive Edge

The latest and best equipment lets you do the job faster, more efficiently and cheaper than the competition. 

 

Eliminate Obsolescence

By leasing you can acquire the equipment you need today and use it cost effectively until it no longer meets your needs. 

 

Tax Deductible

When structured properly, an equipment lease agreement may allow you to receive tax benefits such as treating the lease payment as an expense. 

 

Cash Flow

Lease payments are little more than a line-item in your monthly cost of operations – a minimal bookkeeping effort that frees you from time-consuming depreciation schedules.

 

Guard Against Market Conditions with a Fixed Payment

Unlike bank lines of credit, with variable rates, lease payments are fixed – no matter what happens to the market tomorrow.