Tag Archives: financing equipment

Technological Benefits of Equipment Leasing.Technology provides a needed and powerful edge in business

Technology provides a needed and powerful edge in business; the following points examine those benefits and let you decide how these benefits provide you with the needed edge in business. An equipment leasing arrangement provides you the edge you need without running the expensive costs associated with purchasing state-of-the-art equipment.

Wider Options, Lesser Costs – With an equipment leasing arrangement you are free to select your choice of equipment without paying the full price. This advantage also comes with the fact that most business equipment leasing companies will often handle everything from the maintenance to the deployment of their equipment. Your company can save the costs associated with the equipment as the leasing company usually gets price cuts on equipment and related services since they buy in bulk.

State-Of-The-Art Equipment – When a commercial equipment leasing company provides your business with equipment they provide the best. They do this because unlike your

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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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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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Equipment lease Tips for the credit challenged

Equipment Lease Tips 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 Challe

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Should I lease a car through my business or personally?

Should I lease a car through my business or personally? As a business owner or Company Director wanting to lease a car for yourself, you have the choice of either Business Contract or Personal Car Leasing. In other words, you could lease your car through the business or lease it in your personal name, and each option has its own implications, benefits and disadvantages.

Business Car Leasing or Personal Car Leasing – a question of tax. The main thing to consider when you’re thinking about whether to lease a car through your business or personally is the tax situation. If you lease a car through your business, you will have to pay Company Car Tax (or Benefit In Kind Tax as it is also known), as some of your mileage will be classed as for personal use. There is also the Car Fuel Benefit charge to take into consideration if the company pays for your personal fuel.

However, leasing a car through a business has real advantages for the company, which is why most companies still lease the

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Getting capital for tanning beds isn’t what it used to be

Getting capital for new tanning equipment is more difficult than in the past because of how tight the credit markets have gotten as well as how much the tanning industry has suffered. These two in combination have it important to understand all the different options available to you. If you have the ability you can always obtain new equipment the old fashioned way by paying cash. This is usually not the best option though as it uses up cash reserves for no reason. If you have good credit or available collateral you can obtain 0% financing and have the cash flow of your business pay for new tanning booths over time. These expenses can be written off as an expense which will also help you come tax time.

First Possibility: Leasing

  • Two most common options:
  • Ten percent buyout
  • The $1 buyout

Ten percent buyout – Choose a number of months to pay the tanning bed off in. Standard lengths are thirty-six, forty-eight, and sixty months. At the end of the lease you must pay ten percent o

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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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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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