Equipment Lease Financing Options

What you need to know when your business needs equipment but you don t have the cash to buy it outright you have two options.

Equipment lease financing options.

Money equipment leasing vs. These leases share the advantage of fixed monthly payments but with the guaranteed option to purchase the equipment for a nominal price at the conclusion of the lease. In simple terms equipment leasing has some similarities to an equipment loan however it s the lender that buys the equipment and then leases rents it back to you for a flat monthly fee. Some restrictions may apply.

Capital lease finance lease 1 buyout. A key advantage of business equipment leasing is that it permits 100 financing and the term of the lease can be matched with the useful life of the equipment. Equipment financing transactions are provided in canada by wells fargo equipment finance company. Wells fargo equipment finance is the trade name for certain equipment leasing and finance businesses of wells fargo bank n a.

Get lease and loan options for all the equipment you need to keep your farm running acreage maintained and animals comfortable. Most equipment leases come at a fixed interest rate and fixed term to keep those payments the same every month. A purchase isn t the only alternative to leasing. Do you want the option of ownership included in your lease.

If you are unable to purchase the equipment at the end of the lease period then you can request the equipment leasing company to either extend or renew the lease or return the equipment. Hard assets such as plant machinery and soft assets like office equipment and what you decide to do at the end of the lease agreement. It can depend on the equipment being loaned out e g. May also be referred to as a nominal or 1 dollar buyout lease.

A finance lease gives you that power both during and at the end of your agreement. Financing for large and compact tractors sprayers combines tillage equipment utility vehicles and more. In fact it s not even the most common. Therefore if cash flow is a problem leasing can help your company avoid down payments and keep scheduled payments low by stretching out payment terms.

You also benefit from lower payments than you would encounter with a short term rental as well as 100 percent financing for qualified customers frequent special promotional rates and a variety of other options than further reduce payments.