Equipment Leasing

Leasing is simply a means of financing a significant purchase. It is an alternative to undertaking a bank loan, or spending your cash on hand. It allows you to acquire the equipment that your business needs immediately but spread out the cost of the equipment while it is generating income.

It is almost always financially beneficial to lease equipment which depreciates.

In order to be considered for a lease, you must be a Canadian business (either corporation or proprietorship) looking to finance equipment with a minimum cost of $2000. The size of the business doesn’t matter; and both established businesses and start-ups can benefit.

If your business is in need of equipment, Priority Leasing can help you. The process is simple: you find the equipment you need, using the supplier of your choice. Then call us. We work with over a dozen financial institutions in order to be able to offer you a variety of equipment leasing options with financial terms and frequency of payments tailored to fit your needs. Contact us today.

For an unbiased opinion, we suggest that you consult your accountant.

Why Lease Equipment?

Equipment Leasing is Smart

Leasing your equipment is a smart way to grow your business. Adding the right tools, technology and equipment at the right time can help your business thrive. It gives you the power to diversify, increase production or expand your business. Whether you’re established or just starting out, big or small, you can reap the benefits of equipment leasing equipment such as:

  • protecting capital
  • hedging against inflation
  • preserving credit lines

Would you consider paying an employee 3 years in advance?

Probably not. You pay monthly as they perform and you gain revenue from their efforts. You can think of your equipment the same way. Instead of paying out large sums of money, we know paying as you go is the smartest financial solution for your business growth.

The use of your equipment is its greatest value – not the ownership of it.

Leasing equipment delivers the capacity you need with the flexibility to structure payments to maximize its return over time. Priority Leasing can help you finance and obtain equipment while offering you many benefits that can help you grow your business.

Benefits of Leasing

100% Financing

When you borrow money from a bank, they usually require a 10% to 20% down payment. With leasing, your first payment is usually all that is required at the time of signing.

Simplifies Budgeting

Lease payments remain fixed over the term of the lease, which makes budgeting cash flow requirements easy.

Improves Your Capital Position

Leasing helps you spread out the acquisition cost of your equipment over time, freeing up valuable capital for emergencies and opportunities. Cash in the bank helps you weather the unexpected.

Preserves Existing Credit Lines

You are able to get the equipment you need today without tying up other valuable credit lines.

Protects Against Obsolescence

You can upgrade your equipment at any time without a penalty. Stay ahead of the competition with current products and technology.

Tax Advantages

Depending on the circumstance, lease payments may be 100% tax deductible as an operating expense. Consult your accountant regarding the nature of deductions for your situation.

If your business is in need of equipment, Priority Leasing can help you. We offer a variety of equipment leasing options with financial terms and frequency of payments tailored to fit your needs. Contact us today.

What Should I Lease?

In a nutshell, if it depreciates … lease it.

If you need it, we can lease it!

Canadian businesses of all shapes and sizes lease a variety of equipment, tools and technology. In fact, just about anything you may need for your business is leasable. Equipment lease financing is simply a way for you to acquire equipment without paying cash or taking a loan. In our fast-paced, techno-savvy world, many businesses like yours are opting to lease equipment because it offers flexibility in modernizing your business while preserving your capital.

Some commonly leased business equipment includes:

  • Computers and Software
  • Office furniture and fixtures
  • Telecommunication and broadcasting
  • Agricultural equipment
  • Construction equipment
  • Hotel and Restaurant equipment
  • Materials handling
  • Mining and Petroleum equipment
  • Retail store furniture and fixtures
  • Forestry and manufacturing equipment
  • Medical, dental and health care equipment
  • Industrial Printing Equipment
  • Storage Solutions

Some not-so-commonly leased equipment includes:

  • grand pianos
  • artwork
  • ambulances

If you have unusual equipment needs, or a unique business proposition, please call us to discuss at (403) 216-1930.