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Equipment leasing is an excellent way to grow your business without significant out of pocket expenses. Leasing offers real advantages including better value, more convenience and greater control. In most cases, the full amount of the equipment, as well as the service, shipping, installation costs and maintenance can be included in the lease. This spreads the cost out evenly over the term of the lease freeing up your money to work harder for you.
Cinergy Commercial Capital is a specialist in funding all types of specialty trucks and construction equipment. We work directly with equipment dealers or end users. Our specialty is less than perfect credit or people who have been turned down by traditional sources. We can approve transactions in 24-48 hours or less. Normally, we do not require financial statements or tax returns on any transaction up to $75,000. We also have a preferred rate program for better credits. |
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Fast, easy and competitive
equipment leasing solutions for virtually all industries
and all credit profiles
Why Lease Equipment?
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For
new and growing businesses equipment leasing doesn't
tie up your cash into depreciating assets such as
office equipment.
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With leasing you have no down
payment unlike a loan and you have fixed payments
throughout the lease term which works well for
budgeting.
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Equipment leasing is also
considered to be more easily attainable compared to
a loan; which usually requires extensive
documentation and often requires collateral.
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Equipment
leasing won't deplete your cash reserve or have a
negative impact on your balance sheet.
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Leasing
may offer tax advantages
What is an equipment lease?
It is important to point out that
leases are not loans. As a result, their costs are
figured differently from loans. To compare loan and
lease products, it is better to compare monthly payments
than to try to compare loan interest rates with lease
rates. On a cost-of-capital basis, equipment leasing may
be the least expensive option.
| There are numerous forms of
equipment leases available and it is vital that
you know the difference between them. The kind
of lease you choose depends on several factors:. 1) The type of equipment you want to lease 2) Exactly what benefits you want out of your lease 3) Finally, what you have in mind for your
long-term goals. It is essential you review the
terms of the lease and understand them fully
before agreeing to or signing any paperwork.
This rule applies to any type of equipment
leasing program. |
Operating
Lease:
This is the most common form of equipment leases. The
main advantage operating leases are they usually have
lower payments. With these leases, the equipment belongs
to the leasing company and there is no predetermined
buyout. The payments are calculated as an operating
expense. This form of lease is perfect for equipment
that quickly depreciates, such as computers, and office
equipment, or for seasonal equipment.
Financing leases:
With this form of equipment leases, there is an
assumption of a buyout. Your payments are the purchase
price plus interest over the term of the agreement. At
the term of the agreement, a price is paid to acquire
ownership. This form of lease would be advisable on
heavy equipment, which you would use continuously and on
items that hold their value.
Sale-leaseback:
This form of leasing agreement may sound complicated at
first, but is quite simple to understand. Sale-leaseback
is when a business owns equipment, and either needs to
or wishes to raise working capital. The equipment is
sold to a leasing company, which in turn, leases it back
to the business they have purchased it from. This allows
that business to put the money back into their budget
while still having the use of the needed equipment.
Contact us so one of our finance specialists can discuss
your specific needs and how we can arrange the financing
your company requires.
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