This is the number one reason why leasing is such a popular financing alternative. Longer terms and attractive rates lead to a payment that fits easily into your monthly budget.
Leasing provides financing of 100% of the equipment including costs like sales tax, maintenance and extended warranties. There is no need to tie up valuable working capital, allowing you to use your cash for more profitable opportunities.
Leasing, unlike traditional bank lending, provides flexibility with features like variable structuring options that match your lease payments to the seasonality of your income. We also remove traditional bank lending requirements such as debt covenants, minimum bank balance requirements and ownership restrictions.
Since lease payments can be set up as a direct operating expense, they are paid from pre-tax dollars versus after-tax profits. This provides faster write-offs, freeing up more cash… more quickly.