What are the benefits of leasing, you ask?
The wise use of lease financing is the cornerstone of growth for most enterprises. Why should leasing be considered as a financing solution for acquiring equipment.
-
The process is simple and convenient. You achieve ‘one-stop’ shopping for the equipment and the financing. Credit approval and lease documentation is uncomplicated and can be completed very quickly.
-
Leasing allows you to conserve cash, leverage up the buying power of your operating or capital budgets, and overcome budget limitations. A $30,000 annual equipment budget is leveraged up considerably through leasing.
-
100% financing is achieved. Unlike most traditional financing, in most cases you do not make any down payment on the equipment.
-
You pay GST and PST on rentals; you do not prepay these taxes in full up front.
-
Valuable cash and lines of credit are preserved to grow your business. No one in business experiences financial difficulty because they have too much cash.
-
In many instances, leasing provides income tax benefits, and the assets do not appear on the balance sheet. As well, Debt to Equity ratios are unaffected.
-
You establish equipment costs in current dollars, and pay these costs incrementally in inflated future dollars, as the equipment is used. You may also add extra equipment and accessories for small monthly and administrative costs.
Use this form to contact our Leasing Partner
Contact me
Looking at acquiring your equipment through Lease Financing? Contact our leasing partner and she will gladly assist through this easy and timely process.
JENNY O’CALLAGHAN
Account Manager
Tandem Equipment Finance Canada
778-888-5853
jocallaghan@tandemcanada.com