BENEFITS OF LEASING
Did you know that 85% of businesses choose to lease equipment?
There are many reasons why your business may choose to use lease financing over other methods of financing. Most Canadian companies use leasing because of the speed and ease. Others use it because they want to conserve their cash, lines of credit, or bank borrowing for more strategic purposes.
Benefits of Leasing Equipment
- Fast approval process
- 100% financing
- Conserves your bank credit lines and your cash
- Provides your business with additional credit sources
- Potential tax advantages as a lease is considered a direct expense to your business
- Easy budgeting due to fixed payments throughout the lease term
- Flexible payment frequencies; monthly, quarterly, semi-annual, and annual payments
- Simple documentation
- Allows you to upgrade as your needs change
- Keeps you up-to-date on changing technology