Equipment Financing By Leaselink

May 5th, 2023 at 11:23 Leasing - Loans - Mortgages North Vancouver 1.3K views Reference: 134

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.