Minimize Balance Sheet LiabilitiesLease payments may be eligible for "off-balance sheet" treatment, where items are treated as expenses rather than Assets and Liabilities, improving financial ratios.
Lease Finance "Soft Costs"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.
Preserve Lines of CreditEquipment leasing will not tie up valuable lines of credit you may need for expenses or to fuel growth and expansion. Lease Direct also offers lease lines of credit: see
http://www.leaseline.ca Flexible Payment OptionsEquipment 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.
Flexible End of Lease Options
At the end of your lease, you can purchase the equipment according to the predetermined purchase option, upgrade to new equipment, or renew the lease at substantial savings. Lease Direct offers end of term lease financing options regardless of which lender did your original lease. If you like the equipment or vehicle that you are using and wish to create another lease to handle the purchase option / residual -- we can help!
Leasing Construction Equipment
Many companies and contractors in need of acquiring new or used construction equipment often don't have the financial resources needed to buy the construction equipment outright, unless it is a large corporation or some branch of the government. This is when the option of leasing construction equipment comes into play. Deciding to lease often depends on what the contractor or business manager feels most comfortable doing from a financial perspective after evaluating the many possibilities and deciding what suits their need.
Many contractors or business managers view renting or leasing as an opportunity to test out construction equipment at no extra cost and with no strings attached with the possibility of buying. More often than not, the rental would be converted into a purchase to avoid losing the invested equity. Most buyers would also take into account whether their business is flourishing or floundering, before committing to buying any construction equipment. In a case where a business has an uncertain future, the potential buyers may deem leasing as the best way economically and then return the construction equipment to the vendor when the job is done.
The rise of on-line auctions, sales and leasing are made available by a variety of merchants who cater to the needs of companies and contractors worldwide. On-line merchants such as: Ritchie Brothers, Machinery Trader, SupplyPost and Canada Trader are only a few of the leading markets where companies and contractors alike can find nearly every piece of construction equipment they are looking for, from the top manufacturers such as Caterpillar and John Deere to many more. Many of these merchants offer the options of buying, selling and leasing of new and used construction equipment to parts service and repair and machine maintenance. It's always wise to investigate the background of any merchant before you place a bid or purchase any construction equipment, to ensure a good reputable stand point before entering into a contract with any dealer or merchant. It's always wise to shop around and compare deals on construction equipment to other offers before committing to any deal.
