Tag Archives: equipment leasing canada

Who can blame the government for using lease financing more and more…

When we think of leasing and equipment financing we think of the private sector, with companies using lease strategies as an effective overall alternative strategy.

However many municipal, provincial and federal government entities employ equipment financing for a number of different reasons.

Many times municipalities finance in this method to avoid statutory debt obligations.  The federal and provincial governments lease millions of dollars of computer technology every year. In many cases they could purchase the equipment outright through funding but they opt to lease due to the ability to avoid obsolescence and to allow uses to upgrade to newer generations of technology. The same goes now for other assets including fitness equipment. As governments struggle to reshuffle priorities they will finance more and more equipment, there seems to be no alternative. Here is Surrey BC we see the direct impact of this through massively underfunded school districts. The economic funding model from

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The benefits and Risks of Equipment Leasing

The benefits and Risks of Equipment Leasing

When discussing the issue of business growth and profits, the most vital elements that can come into picture are equipment leasing and equipment finance. There is certainly universal need of acquiring equipment on lease or finding a financial solution for starting, building or obtaining a company. There is however very limited comprehension of how the process of obtaining the ideal lease program one of many business owners.

Equipment Leasing is the greatest choice for business financing. It’s the largest type of asset based lending and is also steadily growing. Sets from computers and office furniture, to heavy duty equipment and farm gear might be qualified to receive lease financing. The business of leasing is normally centered on special style of assets.

The fundamental attractiveness of leasing lies in simplicity- Lessor purchases an asset and provides the Lessee title to the asset in exchange for funding to purchase it until final

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5 steps to negotiate your next business equipment lease.

5 Steps to Negotiate Your Business Equipment Lease

Loaning money is becoming more and more difficult. Small businesses seeking finances are seeing how difficult it is becoming and the increased requirements just to get credit checked. Lenders are taking a much harder and closer look at which businesses they will finance. In the information below you will find five steps to negotiate your business equipment lease and what every owner should consider when applying for a lease.

Step 1: Know the difference between want and need
For business owners, big and small, it is important to understand what your company needs to be effective and continue to grow capital. And for start-up businesses it is essential to understand what your company needs versus what you want. Create a budget based on that need and look at what you will need in order to fund and/or finance that need. By keeping in mind the “needs” of your company, you will keep yourself from financing the unnecessary equipment.


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Equipment Leasing Blunders That Can Cost Your Firm a Mint

Equipment Leasing Blunders That Can Cost Your Firm a Mint

Rod McHenry, the financial vice president of a document imaging company, thought he had great cause for celebrating. He had signed an unbelievable $370,000 lease proposal covering computer servers, workstations, software and other networking equipment. McHenry believed he had snared an incredible lease rate, capping off weeks of negotiating an acceptable equipment price with the equipment vendor. The proposal guaranteed a lease closing and offered a return of the 2% ‘commitment fee’ paid by McHenry’s company if the leasing company failed to give credit approval within two weeks. Little did McHenry know that signing this proposal would lead his company into the ‘Twilight Zone’ of equipment leasing. Ultimately, his firm would fork out more than $15,000 in legal fees seeking lessor performance, only to learn that the lessor was already insolvent and mired in several similar lawsuits.

Like McHenry’s employer, thousands of U.

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Joint ventures with equipment vendors

Economic recovery is real, but risks remain

Q. What is the status of the global economic recovery? I believe the global economic recovery is real. There is strong momentum in Asia and in other emerging markets around the world. However, in the case of the developed world, it does look like the recoveries are quite fragile and tentative. Canada is in a different situation than the rest of the developed world. Our economy went through a significant decline and has since rebounded. It has recouped almost all the output it lost during the last recession, and almost all the jobs it lost. But the economy will slow down from here.

EQUIPMENT VENDORS – are you interested in running your own equipment lease portfolio for equipment you sell? That is to say you make the credit decisions, you do the lease documents, you take the risk and your company realizes the upside profit margins inherent in the loans? All using our money. As we head into the next 10 years of stability it makes

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Start up Heavy Equipment lease financing

Even though the new business owner has jobs lined up or contracts in place that will generate revenue to make the payments, that new business owner gets denied financing.

This dilemma is not necessarily limited to the start-up business owner either. Established construction businesses are discovering that their bank or finance company is declining to make that all important loan. The reason? The recent impact of the residential sub-prime loan chaos has migrated to the business community. Banks are tightening up on the micro-loans that they used to make with regularity.

So, what is the new or even the established construction business and trucking business owners do to get critically needed heavy equipment lease-financing?

A solution: Check out off-lease equipment that Lease-financing Companies have in their inventory. There are literally hundreds of pieces of quality used pieces of heavy equipment in off-lease status that are owned by heavy equipment leasing companies. This is quality

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Equipment Lease Tips For Startup Businesses

For a start up business, applying for a bank loan can prove to be difficult especially for those with no business credit history.  If you need financing to obtain equipment, devices or vehicles, why not consider equipment lease financing?

Who Can Lease

Both start up and established businesses can qualify for an equipment lease. In fact, this method of financing is being implemented by small businesses and large corporations in the industry.

Why Lease Equipment

Instead of taking a loan to purchase the equipment you need, a new business owner may choose to apply for a “lease” to avoid the unnecessary delay with the business operations.   Rather than wait for months to get their business loan approved, a business owner can get a lease at a much sooner time and proceed with the operations.

Furthermore, equipment lease financing is more cost-effective since no down payment is required and payments are made in instalments.  Many lessors offer flexible repayment terms (monthly, quarte

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Here are 10 quick tips about restaurants, from opening a new restaurant to hiring staff and purchasing equipment.

1. Consider used restaurant equipment
If you are opening a new restaurant or looking to replace existing restaurant equipment don’t overlook used restaurant equipment. You can find many gently used pieces of restaurant equipment for pennies on the dollar. As I like to say new is nice, but always necessary.

2. Decide if a POS system is better than a cash register
If you are thinking of opening a new restaurant, I strongly urge you to invest in a POS System. Unlike a standard cash register which just tracks sales, a POS (Point of Sale) System can track sales, menu items, act as a time clock for employees and even help take reservations. A POS system will cost more than a cash register, but if used to its full potential, it will more than pay for itself in the long run.

3. Don’t hire just anyone to tend bar
If your restaurant has a bar area or pub, be selective about who staffs it. A good bartender will not only know how to pour drinks, he or she will excel in customer service. A good b

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Why equipment lease rates aren’t important

How can equipment lease rates in Canada not be the most important part of your equipment leasing in Canada acquisition strategy? That’s what clients want to know when we advise them the while an overall competitive leasing rate is important they must not miss the several other factors that play a huge part in making the proper lease financing decision.

Leasing in Canada has of course been around for many decades, we venture to say at least back to the 1950’s, if not older than that. As a Canadian business owner and financial manager you recognize that it is clearly one of the most viable methods of acquiring assets for profit and sales growth Profit through use is one of the buzzwords of equipment leasing in Canada.

The key thing you quickly realize about lease financing in Canada is that it encompasses all types of assets – from heavy industrial equipment, used equipment of all types, and of course technology such as computers and telecom equipment, etc . The reality is, and this is

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Leasing Programs For The Credit Challenged

Are you a business owner trying to find practical ways to finance your business? If yes, then you must consider business equipment lease financing. When compared to business loans, applying for an equipment lease is generally easier and the application process, faster than loans.

What do you need to get approved for an equipment lease? Many leasing companies require the submission of the following documents: financial statements, tax returns, business plan and lease proposal. Credit history is another major factor to get a lease. Of course, if you can show good or excellent credit, a lessor will be more confident in your ability to keep up with your lease payments.

Nevertheless, if you have a history bad credit, it is possible to get the equipment lease financing you need. In this article, let us talk about the steps that you can do to be able to acquire a lease despite having bad credit.

Leasing Programs For The Credit Challenged

It is a relief to know that there are business equi

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