Did you know that leasing now accounts for more than 30% of the average 15 million vehicles sold in the United States each year?
Leasing is a practical alternative to buying for many reasons. It’s cost effective, increases your purchasing power, helps conserve operating capital, provides flexibility and has many income tax advantages. Unlike most bank equipment financing, leasing offers fixed rates so that you always know the true cost of your equipment for budgeting and cash flow purposes. Large down payments are not normally required and you can finance the use of the equipment over its true economic life rather than some shorter and largely arbitrary term set by your banker. Through updating your equipment regularly, you reduce maintenance costs and improve your corporate image and employee morale.
Leasing is fast and easy. For most deals, your lease representative can approve and fund your deal in a matter of minutes. Unlike banks, we may extend equipment financing for large and small dollar deals without the need for lengthy credit applications and loan committee review.
The following are a few regularly asked questions about leasing with the answers. We hope this helps you in your decision. Please contact us for more information.