Here are some reasons why equipment leasing may be the better choice
when it comes to acquiring new equipment.
Interest Rates
With equipment leasing, there is a low fixed rate.
Some loans do not offer a fixed rate, and loan rates are typically much
higher than leasing rates.
Approval Speed
Leasing is usually completed within 2 business days
with the help of our professional leasing
agents. A loan can take several days or possibly even weeks before
you even hear back from the loan officer.
Low Down Payment
Typically, equipment leasing requires only that you
pay 1-2 payments upfront. Those payments are then applied to your balance.
With a loan, banks generally require 10-20% of the total price of equipment.
Financial Statements Unnecessary
With leasing, inclusion of your financial
statements is generally unnecessary if your transaction amount is below
$150,000. With loans, financial statements are almost always necessary.
Tax Benefits
Operating lease payments can be 100% tax deductible if
they are declared as an operating expense. With loans, depreciation can
only be taken over the length of the equipment's useful life.
A Hedge Against Equipment Obsolescence
If you fear your equipment may become obsolete, a lease
does not require that you purchase the equipment.Access Equipment Leasing
582 Sutter Street
San Francisco, CA
94102-1102
Call Toll Free: 1-800-409-5594
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