Why Lease?

There are many reasons why leasing is a great financial option.  Leasing is the smart way to acquire equipment for your business

Reasons to Lease equipment
 

• Use of equipment.  The basic reason is that you don't have to find the money to pay for your equipment up front thereby conserving your cash.  Leasing provides the use of equipment for needed periods of time at fixed rental payments and permits a company to be more flexible in its management of assets and liabilities.

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• Leasing is more than economics.  It reduces the total cost of ownership (TCO).  Executives have learned that the primary benefits of higher productivity and profit come from the use of equipment, not its ownership.

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• 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.

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• Leasing is more common.  Eight out of 10 companies lease some or all of their equipment, according to industry research.  For the past 40 years, leasing by Canadian businesses has increased (80% of all Canadian companies lease all or some of their equipment) .

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• Keep up with shifts in technology.  Computer systems become obsolete in a very short time.  Leasing computer systems gives you the ability to upgrade without having the task of disposing of old assets.  Simply return the equipment at the end of the lease and initialize another lease with new, up-to-date equipment.