 Why Lease?
You may choose to lease for a number of reasons. A large company may choose to lease for the tax incentives, where as a small company may choose to lease in order to conserve working capital.
Below are letters that you should provide to your existing leasing company to insure your lease does not extend past the lease ezpiration date.
Click here for Generic Lease Termination Letter
Click here for Bank of America Lease Letter
Click here for GE Capital Lease Letter
Click here for Key Equipment Finance Lease Letter
Click here for DLL Lease Letter
Click here for CIT Lease Letter |
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Conserve Working Capital- Purchasing equipment can require large cash outlay. Many companies lease to conserve capital. Money is better spent for other day to day needs to keep the business successful. |
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Flexibility- Leases can be structured to meet the varied needs and financial goals of your business. Leasing can offer deferred payments, step plans, seasonal payments, no money down, etc. |
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Tax Benefits- Section 179 of the IRS code allows significant tax savings. Often, a monthly lease payment can be deducted as an operating expense since it is treated as a rental rather than a loan. |
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Additional Credit Lines- Lease approvals for equipment can establish an additional line of credit that does not effect your bank lines. You can lease just about anything needed to run your business. |
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Leasing Your Business Equipment Will Preserve Cash Flow - Profits generated from the use of the equipment are greater than the lease payments. Current cash can be used for other needs of the business. |
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Easier Than Bank Loans - Lines of credit can be established in a matter of hours with minimal information and no collateral. Leasing is convenient, quick, and easy. No long forms. 100% financing. |
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Fixed Payments - Many financing transactions have floating interest rates. Lease financing offers fixed payments, enabling you to budget and manage your dollars for a long time. |
