Hello again everyone.
This type of financing does not require heavy guarantees, as it is the case with conventional financing. (Example: account receivable, inventories, other equipment in your business or universal warranties)
Protect your capital:
Acquiring new equipment brings production without delay, and the increased profits from this production. Leasing allows you to purchase any equipment you need without locking down your cash. You can then use your cash to support your growth and create new opportunities.
Expenses for tax purposes:
The payments are generally tax-deductible, as any operating expenses would be, as opposed to the established and non-negotiable depreciation rates you will deal with when you actually buy the same equipment. The after-tax cost of the leased equipment may be more beneficial than other financing solutions.
Would you ever consider paying your staff five years in advance? Yet this is what you do when you purchase outright new equipment. When you rent, you pay for the same equipment as and when it generates profits.
- – Entrepreneurs
- – SMEs
- – Self-employed
- – The Crown corporations and any other form of business.
Our terms vary generally between 24 and 72 months with a balance of $10 at the end or a “balloon”, option that goes between 10 % , 15 % or 20 % at the end of the lease. The choice is yours.
Our territory: Canada
Thank you for reading and may we talk soon.
François Vachon, Leasing broker