We specialize in equipment leasing nationwide.
With many satisfied clients in various industries in all 50 States, we have gained the expertise required to provide you with cost effective lease programs. We are affiliated with the countries most reputable lenders. Click this link to get started today. There is NO application fee. Our online application site is secure, or you can choose to print & fax it. Our professional staff will process it, as soon as we receive it. You can always call us, toll free,1-888-929-4428 if you have any questions.
We can handle all your leasing needs from a dump truck to the complete equipment capital supply for a very large construction project that involves many many pieces of varied equipment from a simple trencher to a massive crane and everything in between.
Most of our leases offer a 100% write off at tax time, meaning every penny you spend you get to deduct in full.
Our leases start from only one payment in advance to as many as you wish to make in advance, at the end of our leases you can purchase the equipment for only 10%-20% of the original value if you wish or you can walk away and pick out a new piece of equipment and continue on with new equipment and 100% write off once again.
Some important facts about Leasing versus Buying.
80% of all businesses LEASE their capital equipment!
It's a common dilemma: lease versus buy — to lease or buy equipment — which is better?. Everyone who has ever considered leasing has had this question cross their mind.
So what is the answer?
The answer is – it depends. It's not possible to simply say that one is always better than the other because the answer depends on the specifics of each individual situation.
Leases and purchase loans are simply two different methods of equipment financing. One finances the use of equipment; the other finances the purchase of a equipment. Each has its own benefits and drawbacks.
When making a 'lease or buy' decision you must look not only at financial comparisons but also at your own personal priorities — what's important to you.
Is having a new vehicle or equipment every two or three years with no major repair risks more important than long-term cost? Or are long term cost savings more important than lower monthly payments? Is having some ownership in your vehicle or equipment more important than low up-front costs and no down payment? Is it important to you to pay off your vehicle and be debt-free for a while, even if it means higher monthly payments for the first few years?
So we find out that making a lease-or-buy decision is not quite cut and dry. There are some things you need to consider. Let's take a look at some of these things now.
First, it's important to understand that buying and leasing are fundamentally different, not just two versions of the same thing.
Some Buy vs Lease Example
For example, if you lease a $24,000 truck that will have, say, an estimated resale value of $17,000 after 24 months, you pay for the $7000 difference ,this is called depreciation, plus finance charge.
When you buy, you pay the entire $24,000, plus finance charges.
This is fundamentally why leasing offers significantly lower monthly payments than buying.
Probably the most important feature is that a lease conserves your working capital. You can acquire your equipment without a large down payment This enables you to keep working capital available for other uses.
The lease payments can be arranged to match seasonal cash flow. Payments may be made, monthly, quarterly, semi annually or annually
In most cases the payments on a lease can be 100% tax deductible.
Equipment may be new or used and the customer can chose the equipment, the dealer, and negotiate the price.
Most rates for a lease are fixed.
How are lease and loan payments different?
Lease payments are made up of two parts: a depreciation charge and a finance charge. The depreciation part of each monthly payment compensates the leasing company for the portion of the vehicle's value that is lost during your lease. The finance part is interest on the money the lease company has tied up in the car while you're driving it. In effect, you are borrowing the money that the lease company used to buy the car from the dealer. You repay part of that money in monthly payments, and repay the remainder when you either buy or return the vehicle at lease-end.
Loan payments also have two parts: a principal charge and a finance charge, similar to lease payments. The principal pays off the full vehicle purchase price, while the finance charge is loan interest.However, since all vehicles depreciate in value by the same amount regardless of whether they are leased or purchased, part of the principal charge of each loan payment can be considered as a depreciation charge, just like with leasing — it's money you never get back, even if you sell the vehicle in the future. It's lost money for which you'll have nothing to show.
The remainder of each loan principal payment goes toward equity. It's what remains of your car's original value at the end of the loan after depreciation has taken its toll. Equity is resale value. It's what you get back if you sell the vehicle. The longer you own and drive a vehicle, the less equity you have. At some point in time, after the wheels have fallen off and the engine is worn out, the only equity left is scrap value. You never get back the amount you've paid for your vehicle.
Give us a call today, toll free: 1-888-929-4428
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