Financing Your New or Rebuilt Equipment
1. Terms May Be Available on the Purchase:
Be sure to ask us if we can offer terms on your new or used/rebuilt
equipment. We often forget
to mention that might be possible.
2. Leasing Terms:
Are you having trouble coming up with capital money for equipment you badly need?
Did you know that you can typically save money by leasing a new piece of
equipment rather
than purchasing it outright? Your monthly payments are expenses and the
resultant tax savings
can be high enough to actually allow you to obtain the equipment through a
leasing program
at a lower total net cost than if you bought it outright or made loan
payments.
In addition:
Leasing has the added advantage of not requiring the huge capital outlay up
front. The leasing
company will make the large down payment that is typically required for a piece
of equipment.
Your only upfront costs are the costs of setting up the lease - typically a
small fraction of the
necessary down payment. Don't you pay for that? Sure, but with the
tax savings you can end
up actually saving money over the term of the project. Check it out.
Call us and we'll put you
in touch with a leasing specialist who can run the numbers for you.
3. Used Equipment Leases:
Contrary to popular belief, you can lease used equipment under the
right circumstances. Have
you located a nice piece of used equipment that you would like to refurbish
before you put it
into service? Leasing companies are happy to write a lease in this
situation. They will work with
you and your equipment rebuilder to put together a leasing package that gives
you a reliable
piece of equipment under favorable financial terms. Rebuilders typically
need much of the
project money upfront. Let the leasing company pay that. Spread your
expenses out over
several years and hang on to the cash for making payroll, etc.
If you have a current requirement for new or used/rebuilt
equipment, and you are interested
in help on determining if Terms or Leasing might be a way to go, please let us
know: