Equipment loans and business equipment leases offer several advantages, including flexibility, tax deductions, and better prediction of your cash flow.
These financing options allow companies to acquire the necessary tools without a large upfront investment, enabling them to allocate resources more efficiently.
Additionally, choosing between a loan and a lease can help companies tailor their financial strategies to meet specific operational needs. By evaluating the terms of each option, businesses can determine which aligns best with their long-term goals and budgetary constraints. Ultimately, making an informed choice can lead to improved operational efficiency and sustained growth over time.
Types of equipment and machinery
- Construction and earthmoving
- Commercial vehicles
- Industrial and manufacturing
- Technology
- Among others
This is how Equipment Leasing works:
- You select the equipment that you wish to rent
- Please send us the vendor's invoices, which should include all shipping, setup, and installation costs
- After that, you'll fill out our straightforward equipment lease application
- Indicate your preferred term and type of lease
- The equipment lender will buy the equipment and arrange for delivery and installation (if necessary) at a time that you designate when your lease application has been approved
- For the duration of your lease, you make set monthly payments and benefit from the equipment as if you were the owner
At the end of the lease, you have a few options:
- Return the equipment and take out a fresh lease
- To maintain the same equipment, extend the lease, or make month-to-month payments
- Acquire the equipment from the lender for the cost specified in the lease agreement
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