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Or maybe you don’t need "state of the art". Maybe you only need the equipment for a short period of time. In either case, leasing is your powerful tool. Leasing allows you flexibility in getting the equipment you need, for the length of time you need it, while maintaining cash flow to grow your business. 8 out of 10 American companies lease equipment. Some of the reasons include: · Leasing Preserves Capital- Cash remains untouched, leaving it available for more productive uses, or simply in reserve.· Leasing has Tax Advantages- Most leases are structured so that you can deduct the monthly payments from your taxes.· Leasing Preserves Bank Lines of Credit- Bank lines can be used for investment purposes, business development, or as a safety net for emergency needs. Unlike conventional financing, leasing does not require compensating balances.· Leasing Provides 100% Financing- With leasing, there is no down payment required. Leasing can also finance soft costs, such as installation, training and extended warranties.· Leasing Bypasses Capital Budget Restrictions- Leasing allows you to acquire needed equipment, even if the funds are not in the capital budget. Lease payments are made from operating budgets.· Leasing Offers Fixed Payments- Unlike conventional financing with variable interest rates, lease payments are fixed for the term of the lease.· Leasing is Flexible- Leases can be structured to meet your specific needs. If your business has a busy season, your payments can be higher during that time and lower in the slow season. Leases can be structured for virtually any monthly term up to 72 months, and in some cases even longer. Leases can have higher payments in early years and lower payments in later years, or visa versa. Your business conditions; cash flow, equipment needs and tax situation can help define the terms of your lease.· Leasing is a Hedge Against Obsolescence- Leasing allows you to upgrade to new technology as it becomes available. You can upgrade or even replace the outdated equipment, while keeping your monthly payments the same. Leasing avoids the need to keep outdated equipment simply because it is "still on the books". |
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Security Leasing Company, Inc. |
In
today’s competitive business environment, finding the right equipment to stay
ahead of your competition is critical. With technology changing at breakneck
speeds, finding the capital to acquire "state of the art" can be a
challenge.