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:
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.
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.
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.
For an unbiased opinion, we recommend that you consult with your accountant.