Equipment leasing is a long term rental contract with an option to purchase the equipment at the end of your contract. Because the contract is legally a rental, you are allowed to expense the entire payment: not just the interest portion as you do with regular financing.
For business, this means each payment can be applied to your taxes payable, thus simplifying your bookkeeping and increasing your cash flow. Your equipment pays for itself as it generates profits. At the end of your term you make an additional payment and you then own the equipment.
Leasing your equipment (which can be virtually anything for business – furniture, computers, art, forklifts, trailers, excavators etc) frees up your capital and allows the equipment to pay for itself.
Seasonal equipment (snow plow blades, commercial mowers, ski lifts, store slushy machines etc) means seasonal payments – higher payments when the machinery is working (generating profits), lower or no payments when it is idle.
You receive flexible, 100% financing. That is one of many reasons why over one third of the equipment sold in North America is leased.
As lease brokers, we have many sources of funds to finance your business equipment needs. We have decades of experience, and we take exceptional care of our clients and vendors.
100 - 1500 Hardy Street
Kelowna, BC V1Y 8H2
Toll free: 1-800-670-1877