Equipment Financing By Leaselink
Posted Date: May 5th, 2023 at 09:23 AM
Location: North Vancouver
Price: Contact us Negotiable
Equipment Financing
Financing or leasing equipment is the most efficient method of acquiring capital equipment for your business. Savvy business owners reap the benefits of leasing capital equipment vs. paying cash, even if cash is available., such as big savings at tax time and saving your cash for rainy day.
Benefits of Leasing
Keep your cash and credit lines available
- Manage your resources with off balance sheet financing
- Leasing does not affect your debt:equity ratio
- Using a credit line for a capital equipment purchase should never be your first option.
- Credit lines should be reserved for unexpected expenses, downturns or emergencies like a pandemic.
Pay less taxes
- The entire lease payment can be considered an operating expense, resulting in less money due to the CRA at tax time
Pay as you earn money with the equipment
- Pay for the equipment with the profit it produces
- Payments are fixed and therefore do not change if market rates change
Avoid Obsolete Equipment
- Stay on the cutting edge by trading in or upgrading your equipment at any time during the term of the lease
Flexibility
- Select the payment schedule best-suited to your business and cash flow cycles; annual, semi-annual, monthly, bi-monthly
Defer the GST/PST/HST
- Sales tax is not paid up front, but spread over the term of the lease
The Process
- Find the new or used equipment you want to finance from a dealer or private seller
- Fill out a credit application or apply online
- We connect you with one of our friendly sales representative to work with you through the approval process
- Once approved, decide what terms and structure works best for your business
- We pay the seller in full upon delivery of the equipment
- Your monthly payments begin
- Trade in or upgrade equipment at any time
Note on Financing vs. Leasing
We use the generic term “financing” to refer to both equipment leases and loans. There are some notable differences however between a lease and loan. The main one being that you can write off an entire lease payment, but only the interest on a loan. 90% of our customers choose to lease vs. loan, but if you are interested in a loan, talk to your sales representative about which option is best suited for your business and objectives.
☎ (604)982-3008 Ask for Bobby **
✉️ bder@leaselink.ca
Lease Link Canada
305-899 Harbourside Dr.
North Vancouver, B.C.
V7P 3S1
Contact ustoday for more information about equipment financing. You can alsoapply online today or request a quote.