When making your equipment purchases, you will often come across the question; should I buy, or should I lease? While there are pros and cons to both, we believe that leasing is your best bet. Matching your payment on your equipment purchases to the usage of the equipment only makes sense – right?
I WANT TO OWN MY EQUIPMENT
You will! Maybe your first thought is, I want to own the equipment. While this is true, you would own the equipment if you buy it. But, if you lease, you are simply delaying the date when the equipment becomes yours. All of our leases are ‘lease to own’. You make all of your monthly payments, and at the end of the term, you pay a nominal fee to take over actual ownership of the equipment.
HELP YOUR BUSINESS GROW
While it would be nice to have enough cash in the bank to buy everything upfront, this is often unrealistic. Especially when you are trying to grow your business. To get to that next level, you will often need help. That is why we are here – to provide the financing you need to purchase the equipment that will take your business to the next level. By financing the equipment, you do not need to save up to expand; you can buy the newest equipment now, and have your customers help you make your payments through the business your new equipment is generating.
By purchasing equipment outright, you have reduced the amount of capital you have in your business or on your operating line. This capital is used for paying your employees, yourself, your suppliers and other business costs. If you lease the equipment, you can conserve your capital. In many cases, we offer 100% financing, which means you pay $0 upfront, and then start making your monthly payments over 24-60 months.
WHAT CAN BE FINANCED
Almost anything! Any serialized equipment can be financed. But that is not all. You also have the option to finance your warranty, installation, delivery and even software.
BUT BANKS ARE DIFFICULT TO DEAL WITH
Financing your equipment through Hospitality Finance Ltd, who is partnered with Meridian OneCap is easy. In most cases, you simply fill out a one-page credit application and you will know your approval amount the same day!
It is your decision to lease or buy your equipment. We recommend leasing.
Leasing provides many benefits including;
- Conserving your capital
- Improved cash flow
- Matching your cash flow to usage
- Potential tax benefits
- Flexible repayment structures
- Helps your business grow
- $0 upfront cost
Give us a call on 905-823-1110!