Lower Down Payment – Leasing can provide 100% financing, permitting acquisition of equipment and its immediate use without major cash outlay. Save your working capital for inventory and accounts receivable.
Long-Term, Fixed-Rate Financing – Rather than worrying about rising interest rates, leasing offers a low fixed monthly payment for up to 60 months.
Convenience – No loan committees or lengthy approval processes. Most applications are approved in 48 hours.
Tax Advantages – Lease payments can be fully deductible as an operating expense. Only the interest portion of bank loans and depreciation is deductible.
Conserve Bank Credit Lines – Leasing permits the acquisition of needed equipment immediately, while preserving bank credit lines for other uses.
Protection from Obsolescence – Your equipment is up-to-date and ahead of the competition with increased efficiency and profits.
Establish Credit History – As your business grows, you will need to acquire more equipment to meet the demand. By establishing credit, it can be easier to get the next new piece of equipment.