Advantages of Equipment Leasing
Leasing equipment may be an effective way to hold on to valuable cash and stay current with the latest technology upgrades. Leasing is a wise business decision and has become one of the fastest-growing methods of acquiring equipment today.
No Down Payments
With an equipment lease, there is no down payment. With a bank loan, a down payment of 10% to 20% of the equipment cost may be required upfront. An equipment lease typically requires a security deposit of two payments collected at the beginning.
Fixed Rate Financing
Leasing allows a company to acquire and utilize income producing equipment and technology with only a low monthly payment. Leasing provides the confidence of fixed rate financing and structured terms to accommodate the unique needs of each company. You know exactly what your payment will be every month. Use our handy Lease Payment Calculator to find out estimated monthly payments on your new equipment lease.
Flexible Payment Options
Ryan Capital Leasing will work with you to structure a lease that is most suitable to the cash flow of your company. All costs associated with a capital acquisition may be included in the lease pricing. These would include services, installation and sales tax.
Maximizes Financial Resources
Leasing is an added dimension to your company’s utilization of working capital. Company resources may be better allocated to extra marketing efforts or inventory fluctuations. Leasing frees up that capital to expand sales and profitability.
Avoid Equipment Obsolescence
Leasing is an extremely attractive option because it lets you upgrade computer hardware and software purchases to a state-of-the-art level. This eliminates the inefficiencies of owning outdated equipment by building in upgrades utilizing our Technology Wrap Lease.
Realize Tax Benefits
Leasing offers potential tax benefits depending on how the lease is structured. Our True Lease Structure allows 100% of the monthly payment to be deducted over the term. Our Finance Lease Structure may be deducted more rapidly under Section 179. Use our handy Tax Savings Lease Calculator to find out the potential tax benefits of your new equipment lease.
Rapid Approval Process
The process of securing an equipment lease is far less complex and cumbersome compared to bank financing. If you need equipment by a specific date, Ryan Capital Leasing can coordinate the details with your equipment vendor to expedite the approval process.