A POWERFUL FINANCIAL TOOL
Leasing Could Be Just Right for Your Business
Leasing offers numerous benefits - 100% financing, accelerated tax write-offs, improved cash flow, access to modern equipment, and flexibility at the end of the lease term.
Your Business Asset
You are responsible for making the lease payment and all applicable operating costs, such as maintenance, sales and property taxes, license, registration and insurance. In addition, if hour limits apply, you will be responsible for any excess usage charges beyond the agreed upon hour limits.
All leases have end-of-lease purchase options listed on the lease agreement. The most common purchase option is called a fixed purchase option (FPO). With an FPO, you may trade in at any time, or at the end of the lease, you may either purchase the equipment for the residual amount stated upfront or return the equipment to us. Purchase or renew only (PRO) – At lease termination, you can either purchase the equipment at a fixed amount stated upfront or renew your lease. While an FPO will give you a better tax deduction, a PRO lease will lower payments to improve current cash flow.
Whether you plan to purchase, renew, or return the equipment at the end of the lease term, there’s a leasing option available to fit your needs. Equipment leasing is an excellent way to reduce costs, improve cash flow, avoid equipment obsolescence, free up capital, and gain tax advantages.