Equipment Leasing is a cost-effective way to finance 100% of your equipment needs with an ease of doing business that busy business owners and customers expect.
You can view several payment options instantly online.
- To start the application process, simply click on your desired payment plan, and your online application will be prepared for you.
- Complete the missing data that applies to your company and press "submit". If your application is complete you will usually receive an answer within 2 hours. If we require additional information our Leasing Specialists will contact you.
- Once approved we will forward a email notification to you followed by the lease documentation.
- Once the documentation is signed and returned to our leasing specialists your order will be released.
Leasing is a business-friendly
Types of leases available include:
10% Purchase Option.
Businesses can benefit from a guaranteed early purchase option of 10% of the equipment subtotal at the specified month, or the lease can stretch to a longer term and be FMV. This lease shows all costs in writing and provides ease of budgeting, maximum tax flexibility, and yet the benefits of a guaranteed purchase for those who want to own their equipment .
Fair Market Value.
Ideal for technology that you wish to rent but not necessary lease to own. At end of term businesses may buy the equipment for Fair Market Value or return it to the Lessor.
Similar to a 10% buyout, this lease affords a guaranteed purchase option in writing but the option amount is $10.00 and considered a bargain purchase and therefore more of a traditional finance structure.
Conserve Your Cash
Leasing allows you to conserve cash and leverage up the buying power of operating or capital budgets and overcome budget limitations.
Unlike other forms of financing such as a loan, you typically do not make any down payment on a lease and software, installation and warranty may be included.
Preserve Lines of Credit
Valuable cash and lines of credit are preserved to grow your business - leasing allows you to maintain a steady budgeted cash flow. No one in business experiences financial difficulty because they have too much cash on hand.
Potential Income Tax Benefits
In many instances, leasing provides income tax benefits and the assets do not appear on the balance sheet. Debt to equity ratios are unaffected. Office equipment leases can be written off entirely as a rental expense.
Match Expenses to Revenue
Leasing allows you to add extra equipment and accessories for very small monthly costs as part of the lease. As an example, you can add additional consumables or supplies and accessories up front into the lease to be carried over the long-term. This allows you to buy additional items or supplies you will need to maintain or use the equipment and cover them in the lease payments at present value.
No Pre-Payment of Taxes
The GST and PST on rentals is paid over the term of the lease; you do not prepay these taxes in full up front.
Repayment can be tailored to your cash flow and budgeting needs! Often the first 3 months payments are set to zero to allow the equipment to generate income.
Leasing is simple and quick...
Start your lease application by Requesting a Leasing Quote. Click on the button below and follow the instructions.
If you've recently purchased equipment, but regret using your own cash, consider a Sale-Leaseback.
We can refund your recent equipment purchases* and place them on lease with flexible terms. Lock in the best rates now. Stay safe from future LOC or Credit Card rate increases.
*Eligible for assets purchased within the last 6 months. OAC