Hardware Leasing

Leasing a business asset is the way to go if you’re after speed and efficiency. Online applications can be approved or denied within minutes, while traditional financing sources take days or even weeks. The paperwork involved with leasing also tends to be much simpler than applying for bank loans, not forgetting that it gives you greater flexibility too.

Plus, why spend a large chunk of cash if you don’t have to? With lease lines of credit, all your associated costs such as service charges and installation fees are financed over the lease term so you don’t have a hefty outlay. Plus, a lease line of credit offers a predetermined rate quoted based on the volume of the line, guaranteeing you a lower rate of interest than with submitting separate, individual leases.

Often, outdated or obsolete equipment is shuffled downstream or stored away to the point where it is worth less than the costs associated with selling or disposing of it. Leasing gives you the unique opportunity to acquire cutting-edge equipment that meets today’s needs, and easily upgrade when the same equipment becomes outdated further down the line. This is perfect for businesses whose competitive advantage hinges on having up-to-date hardware. After all, it can be difficult staying ahead of rapid technological advancements. Lease terms are designed to expire at a time most suitable for your business objectives so there’s no need to worry about being stuck with dated hardware.

The process of buying, maintaining and disposing of equipment can be time consuming and can draw your company’s valuable technical and operational resources away from mission-critical priorities. Leasing can be implemented as outsourced asset management, allowing you to offload effort from your team and spread the cost evenly over your lease term.

Leasing offers a significant advantage to business with predictable or seasonal cycles, allowing flexible options for the customization of your payment schedule to your needs. With a well-structured lease, you won’t pay for your equipment until it has paid for itself. Additionally, fixed rate lease payments allow you to accurately predict equipment costs and cash needs, unlike the unpredictable variable interest rates offered by many loans and lines of credit.

With technology advancing faster than ever, leading edge equipment assets also depreciate faster than ever before. Traditional bank lines work for day-to-day business expenses, but not for funding long-term capital acquisitions. Leasing provides an alternate source of credit and financing that allows you to acquire what you need, when you need it, without wasting your investment on depreciation. Additionally, because you haven’t borrowed any money to purchase equipment, your existing credit line remains available to invest in other areas of your company’s growth, and cover any unforeseen expenses.

Leasing offers a great opportunity to acquire more quality assets while keeping your budget intact. Spread out costs over the entire lease term and make better use of your resources.