Equipment Leasing

With the success of your business comes the increasing demand for your time and resources, which as an entrepreneur you will know are both very precious entities.

Many businesses depend on equipment to get the job done. And for some firms, new equipment might make the difference between inaction and expansion.
There are lots of different ways you can fund large equipment purchases.

Equipment leasing…
From Heavy equipment, to machine tools, construction equipment and manufacturing equipment -if it lifts, shifts, dozes or loads, you can probably lease it!
Equipment leasing is an efficient way for new-start businesses to get hold of the tools they need, as well as a great way to keep your inventory of assets in excellent shape. Here are a few benefits of leasing your assets:
• regular upgrades,
• servicing,
• tax benefits,
• cash flow management.

Would you pay your rent several years in advance? Probably not — so why do the same for your business’s equipment? That’s where equipment finance comes in. Equipment finance in most of its forms gives you predictable payments so you can spread the cost over time.

Typically there are two types of equipment leasing, known as Operating Leases and Finance Leases, which offer a range of different time frames as well as levels of commitment, depending on what equipment you require.

There’s a huge amount of industries and sectors eligible for equipment finance. We at Priority Leasing can help you find equipment finance for:
• Heavy Equipment
• Bar and pub
• Restaurant
• Café, bakery and coffee shop
• Events, including Tradeshows
• Agriculture and farming
• Finance for a garage or mechanic
• Laundry and dry cleaning equipment finance
• Manufacturing and heavy industry
• Office and IT equipment
• Racking warehouse equipment and shelving
• Refrigeration and air conditioning

As a matter of fact, we recently leased a new forklift to a great local company called “The C Can Store”. They’re expanding into Saskatchewan. I kind of lost my nerve at the 6′ high mark! (pic)

Priority Leasing’s team can design a financial solution to resolve most forklift finance problems. In partnership with dealers and manufacturers as the need to add additional flexibility in major applications can be addressed, in particular the need to exchange or return part of the fleet due to changing demands. Priority Leasing can purchase your existing fleet so that you can enjoy the benefits of one of our unique purchase and rent-back schemes. Whether your fleet is large or small, operating from a single location or as part of a national network, a Premier scheme can be designed to match your specific needs.
Priority Leasing has spent 20 exciting years in the equipment financing industry. We are a 100% Canadian owned and operated equipment leasing company servicing clients across Western Canada in Alberta, British Columbia, Saskatchewan and Manitoba. Whether you need equipment for a startup or an established business, we can help you GROW!

You can reach us by calling (403) 216-1930 or via email with our Website’s contact form.

Getting to the Next Level…

When striving to take your company to the next level, it’s important to first set yourself attainable business goals. You should also consider the hurdles that might thwart your progress along the way. Setting reachable key points in your business development enables you to measure your progress and track your achievements.

You should also have a vision of where you want your business to be two, five or ten years down the road.   As the business grows, you may realize the one way to get to the next level quickly is to upgrade your equipment. If our sluggish economy has hampered your finances, leasing can be an effective way to access expensive items that your business needs to flourish today!

Leasing is essentially a method of renting an asset for a period of time and it can help many businesses get to the next level. On this blog we’ll look at some of the key advantages and disadvantages of equipment leasing.

There are basically two types of equipment leasing:

  • Operating Leases,
  • Finance Leases

Between these two forms of leasing , there are many different ways to get new or used equipment for your business.

You can lease almost anything!

Business owners are often surprised by the massive variety of equipment obtainable on a lease. In fact, most catering equipment in restaurants and hotels is on a finance lease, as are many pieces of high-spec plant machinery. Chances are the gaming machine in your local pub is held on a lease too!

Office fixtures and furniture, printing equipment, large coffee machines, commercial vehicles — it’s almost limitless what lenders will offer leasing finance on.

As well as being a good way to access expensive equipment, leasing can also be useful for subcontractors with a series of short term projects lined up, who want a “rent-to-own” option.

Immediate access to the equipment your business needs…

Rather than having to wait for adequate savings or the profit to roll in, leasing equipment means it can arrive at your door within days. You can also get a much higher standard of equipment than you might otherwise be able to afford if you purchased it outright.

Get your budget under control…

Leasing is good for future budgeting, because you will make fixed monthly payments and not be subject to “floating rates”.  Also, depending on your industry, you can negotiate payments that fluctuate with your seasonal income. Finally, installation, training and maintenance agreements can be included in the lease.

A Lease will free up other finance options!

Since the finance is secured on the asset, it’s not like a traditional bank business loan, so you might still be able to borrow money for other business purposes besides new equipment.

Equipment leasing is an efficient way for new-start businesses to get hold of the tools they need. Lenders usually specialize in different forms of leasing, such as finance leasing, lease rental ,operating leases

Priority Leasing has spent 20 exciting years in the equipment financing industry. We are a 100% Canadian owned and operated equipment leasing company servicing clients across Western Canada in Alberta, British Columbia, Saskatchewan and the Yukon. Whether you need equipment for a startup or an established business, we can help you GROW!

You can reach us by calling (403) 216-1930 or via email with our Website’s contact form.