Advantages of Leasing

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Advantages of Leasing

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Every business needs new equipment at some point. Existing equipment gets old and outdated, and additional equipment is often needed to grow a business. Nearly 80% of companies in the U.S. lease equipment to remain competitive. They recognize that it is more important to have and use the equipment than it is to own the equipment.

There are many advantages to leasing over other financing options. Here are the reasons we feel are most important to you:

  • Credit Availability - Leasing preserves lines of credit. Save bank borrowing capacity for other needs or emergencies.

  • Conserve Working Capital - Get the equipment and technology needed today while spreading payments over time. Capital budgets can be used for other business expenses and more productive operational uses.

  • Flexibility - Changes in the economy, emerging competition and expansion require flexible options for a small business. Leasing allows a business to grow or change with the tide quickly, without large up-front costs.

  • Obsolescence becomes Obsolete - Technology changes rapidly. The software and equipment purchased 2 years ago is most likely outdated. With leasing, when the term is over, there is the option to purchase your equipment, trade it in or return it outright. Keep your business at the forefront of your industry through leasing.

  • Tax Advantages - For most leases, businesses can expense monthly lease payments in the year they occur. The benefits and expensable amounts change annually, so consult a tax advisor for more information on IRS Section 179.

  • Budget Friendly - Leased equipment can create income for a business that far exceeds the cost of a monthly lease payment. Budgets can be stretched to obtain additional equipment, that your business couldn't have afforded otherwise, through fixed monthly payments.

  • No Down Payment Required - Unlike some loan programs, you can finance 100% of your equipment, and include additional costs such as software, shipping, installation, maintenance and training into the total package.

  • Fixed Monthly Payments - Leasing allows you to use equipment you need, for as long as you need it, with a fixed monthly payment. If interest rates skyrocket, your payment does not change.

  • Choose Payments and Terms - You know how much your business can afford to spend on your new equipment. With leasing you can pick the best payment solution for your business. Extended terms, flexible payments and equipment upgrades are all available.

Contact us to speak with an Admiral representative to discuss how leasing can benefit your business' bottom line.

 

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