Almost any type of organization can benefit from leasing equipment including proprietorships, partnerships, corporations, government agencies, religious and non-profit organizations. It is possible to lease any equipment for your business, including capital equipment, hardware, software and even soft costs such as installation and consultation.
8 out of 10 businesses choose Equipment Leasing and Financing over cash or bank loan purchases, because most businesses make money by using equipment, not by owning it. Read on to find out how leasing equipment can give you the competitive advantage to help grow your business.
Equipment Leasing Advantages
Speed, Convenience and Flexibility
Banks and other financing sources tend to move slowly, drawing out the process of an application, after many days or weeks of review finally providing an answer. Equipment leasing moves at the speed your business; online applications are approved or denied within seconds of receipt. The documentation provided with your lease is also simpler and more flexible, and 100% of the associated costs, including service, shipping and installation can be financed, spreading the cost evenly over the lease term.
Keep Equipment Updated
Often, outdated equipment is shuffled downstream or stored away to the point where it is worth less than the costs associated with selling or disposing of it. Equipment leasing offers a built-in termination date, the lease term, which can be calculated to coincide with the equipment’s productive life. This allows you to acquire the equipment you need today and use it cost-effectively until it no longer meets your needs. During or at the end of the lease, equipment can be upgraded. If your competitive advantage relies on the latest, most sophisticated hardware, lease financing should definitely be considered. No matter how fast your business needs change, lease financing can help you keep pace.
Effectively Manage Cash Flow
Leasing offers a significant advantage to businesses with predictable or seasonal cycles, allowing flexible options for the customization of your payment needs. With a well-structured lease, you will not pay for your equipment until it has paid for itself. Additionally, fixed rate lease payments allow you to accurately predict equipment costs and cash needs, unlike the variable interest rates offered by bank loan and credit line options.
Conserve Your Capital and Borrowing Power
In this day and age of rapid technological growth, leading edge equipment assets depreciate faster than ever before. Traditional bank lines are perfect for day-to-day business expenses, but not for funding long-term capital acquisitions. Leasing provides an alternate source of credit and financing that allows you to acquire what you need when you need it, without investing in depreciation. Additionally, equipment leasing will not weaken your borrowing power because money has not been borrowed, leaving your existing credit line healthy and available for your company’s growth and other unforeseen expenses.
Stretch Your Budget
Spreading your costs evenly over a lease term can help you stretch your budgeted dollars to acquire the quality and quantity of assets you really want, instead of the bare minimum required.
Tax Benefits of Equipment Leasing
Monthly payments on leases are typically viewed as an operating expense, and are made from pre-tax earnings, offering potential tax benefits. Please contact your tax and legal advisors to determine the most tax-beneficial lease for your specific requirements.
Here are just some of the different equipment types we lease
Please consult with your tax and legal advisors to determine the most tax-beneficial lease for your specific needs.
Why easylease?
Benefits of Leasing
Almost any type of organization can take advantage of the benefits with leasing, including proprietorships, partnerships, corporations, government agencies, religious and non-profit organizations. It is possible to lease almost anything associated with your business operation, including capital equipment, hardware, software and even soft costs such as installation and consultation. 8 out of 10 businesses choose leasing over cash or bank loan equipment purchases, because most businesses make money by using equipment, not by owning it. Read on to find out why, and how leasing and its benefits can give you the competitive advantage to help you grow your business.
Speed, Convenience and Flexibility
Banks and other financing sources tend to move slowly, drawing out the process of an application and finally, after many days of review, providing an answer. Equipment leasing moves at the speed of business: online applications are approved or denied within seconds of receipt. The documentation provided with your lease is also simpler and more flexible, and 100% of the associated costs, including service, shipping and installation can be financed, spreading the cost evenly over the lease term.
Stay up to Date with the Latest Equipment
Often, outdated or obsolete equipment is shuffled downstream or stored away to the point where it is worth less than the costs associated with selling or disposing of it. Leasing offers a built-in termination date, the lease term, which can be calculated to coincide with the equipment’s productive life and allows you to acquire the equipment you need today and use it cost-effectively until it no longer meets your needs. At the end of the lease, equipment can be upgraded, allowing you to avoid dealing with outdated and obsolete equipment. If your competitive advantage relies on the latest, most sophisticated hardware, lease financing should definitely be considered. No matter how fast your business needs change, leasing can help you keep pace.
Effectively Manage Your Cash Flow
Leasing offers a significant advantage to businesses with predictable or seasonal cycles, allowing flexible options for the customization of your payment needs. With a well-structured lease, you will not pay for your equipment until it has paid for itself. Additionally, fixed rate lease payments allow you to accurately predict equipment costs and cash needs, unlike the variable interest rates offered by bank loan and credit line options.
Conserve Your Capital and Borrowing Power
In this day and age of rapid technological growth, leading edge equipment assets depreciate faster than ever before. Traditional bank lines are perfect for day-to-day business expenses, but not for funding long term capital acquisitions. Leasing provides an alternate source of credit and financing that allows you to acquire what you need, when you need it, without investing in depreciation. Additionally, leasing will not weaken your borrowing power, because money has not been borrowed, leaving your existing credit line healthy and available for your company’s growth and other unforeseen expenses.
Overcome Budget Limitations
Spreading your costs evenly over a lease term can help you stretch your budgeted dollars to acquire the quality and quantity of assets you really want, instead of the bare minimum required.
Tax Benefits
Monthly payments on leases are typically viewed as an operating expense, and are made from pre-tax rather than after-tax earnings, offering potential tax benefits. Please contact your tax and legal advisors to determine the most tax-beneficial lease for your specific requirements.
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