Leasing provides you with the use of equipment for an agreed upon payment. You pay for equipment as it is being used to generate revenue rather than cash upfront. This helps maximize the matching of income to investment.
Lease Payments may be fully deductible as a business expense. Leasing can also help you avoid Alternative Minimum Tax (AMT) liability.
Lease payments may be eligible for "off-balance sheet" treatment, where items are treated as expenses rather than Assets and Liabilities, improving financial ratios.
As your business grows, you will need to either trade up or acquire more equipment to meet your increased demand. By establishing your credit with Custom leasing, it will be easier to acquire your next piece of equipment.
You may be able to include some or all of the expenses associated with equipment use, such as shipping, installation, or maintenance, into the lease agreement.
Custom Leasing will not burden your company with excessive reporting requirements. Simply complete our Lease Application and return it to us you can expect our prompt response.
Leasing will not tie up valuable lines of credit you may need for expenses or to fuel growth and expansion.
A bank may not consider a business for financing if it has less than two full years of operations. Normally, the only lenders that will provide financing to start-up businesses are those with a expertise in a particular line of equipment or industry. Therefore, if you are a new business owner, leasing may be your best & most competitive option for acquiring your new equipment!
Leasing allows you to design payment structures to meet budgetary requirements or seasonal cash flows. Lease terms can range from 12 to 60 months with flexible renewal options.
At the end of your lease, you can purchase the equipment according to the predetermined purchase option, upgrade to new equipment, renew the lease at substantial savings.
Often times banks are interested only in financing new equipment purchases. While it may offer you an added opportunity, used equipment often presents added challenges to bank lenders who are typically less familiar with the useful life and resale values associated with used equipment. Custom Leasing has a variety of equipment leasing options from which you can choose.