Does Your Business Need To Lease Finance New or Used Crane Equipment?

Crane equipment leasing can be secured for a wide variety of new and used cranes.  The more the transferable the asset is across industry and geographic applications, the more value it will provide as security to the leasing company.

Conversely, any specialized or customized crane or crane related equipment will needed to be financed via a strong business cash flow that is already in place as the security value tend to be lower for these types of assets.

And as long as a used crane is in good working order, it may be able to be financed even if the asset is more than 10 years old as this category of equipment can have a very long useful life.  On the flip side, even if an asset is only a few years old, if its in below average condition for its age, it may be hard to attract financing.

Get Scissor Lift Leasing That Meets Your Business Needs

For construction lease finance applications to be successful, the applying business is going to have to demonstrate to a leasing company that there is little risk of loss.  The more risk that is apparent, the higher the deposit is likely to be and the shorter the repayment term.

Once again, because of the long useful life of some cranes, its not uncommon for the business to take out an operating lease with a large balloon payment at the end of the lease to minimize the near term cash flow.  At the end of the lease term, the company can choose to purchase the asset out right, or refinance the balance to maximize the time they have to repay the original acquisition cost in full.

Many businesses prefer equipment leasing facilities due to the flexibility a lease can provide with respect to tax planning as well as cash flow management.

Depending on the situation and the leasing company providing the approval for financing, there can be  several different repayment options available that will allow you to customize your payment to better fit the requirements of your business

For more information on crane equipment leasing, give us a call and we’ll get all your questions answered right away.

Call 289 816 0075 and Speak Directly To An Equipment Leasing Specialist

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Does Your Business Need To lease Finance New or Used Scissor Lift Equipment?

Scissor lift equipment leasing can be arranged through a number of leasing companies in Canada and the U.S.

Both new and used scissor lift equipment can typically be leased for potentially good rates and terms. As is the key with lease financing any used equipment, the actual age, condition, and remaining useful life of the asset.  Scissor lift equipment in particular can have a considerably long useful life which makes lease financing more attractive to leasing companies due to the lower risk of loss on the asset in the event it needs to be liquidated before the end of the leasing term.

With new scissor lifts, there can be some very attractive financing options from manufacturers that may not be able to be replicated or bettered in the rest of the market.  Just be sure that you’re not paying any type of premium or higher purchase price over a cash transaction in order to secure the cheaper source of manufacturer’s financing.

Get Scissor Lift  Leasing That Meets Your Business Needs

One of the key benefits of going with a building equipment leasing program is that you will likely have a number of ways to tailor the lease to fit the requirements of your business where a loan commitment is more of a take it or leave it proposition.

For example, a lease can be in the form of a capital lease or an operating lease.  With an operating lease, you may be able to defer 30% to 40% of the asset purchase price to the end of the lease term, saving on your cash flow in the short term.

If your operation is very taxable and you have the cash to purchase the asset out right, you might look at acquiring the scissor lift equipment you’re looking at through a short term operating lease to accelerate the write off of the asset.

There are many other examples we could sight of things to consider when financing via an equipment leasing facility.  If you have any questions about different ways a lease could be structured for your business, please give us a call so we can review your requirements and provide equipment leasing options for your immediate consideration

Call 289 816 0075 and Speak Directly To An Equipment Leasing Specialist

Or Click Here To Send Us An Email

Does Your Business Need to Lease New Or Used Paving Equipment?

Paving Equipment Leasing for new and used paving equipment can be sourced through a number of our equipment leasing and equipment financing partners here in Canada and the U.S.

New paving equipment can be lease financed at or near 100% of the acquisition cost, providing great leverage and cash flow conservation in the process.

Paving equipment leases can also be structured as operating leases if you have a need to take the financing off balance sheet and/or try to produce an accelerated cost write down for tax purposes, providing your cash flow can with stand a more aggressive debt repayment schedule.

For used equipment, provided that there is still significant useful life remaining in the assets, equipment leasing can be a very strong financing option for your business as well.

Just keep in mind that used equipment may require a higher cash down payment than new and the rates and repayment terms are not likely going to be as favorable as what you would see with road construction equipment leasing for new paving equipment.

Get New or Used Paving Equipment Leasing That Meets Your Business Needs

Before you even commence shopping around for new or used paving equipment to acquire, we suggest that you first apply for equipment lease financing for the type of equipment, amount of money your looking at, and the number of pieces so we can get you pre-qualified for financing and get the equipment financing process out of the way so you can completely focus on the buying process with the knowledge of what you qualify for and what the repayment terms will be.

If you have an accepted offer or bid in hand and need to secure paving equipment leasing right away, please give us a call so we can quickly assess you requirements and help you put together an application package that will get strong consideration from the most relevant lenders or leasing companies.

Call 289 816 0075 and Speak Directly To An Equipment Leasing Specialist

Or Click Here To Send Us An Email

Do You Need To Locate and Secure a Lease For a New or Used Skid Steer Loader?

Skid Steer Loader Leasing is available for virtually all makes, models, and types of new and used equipment from Canadian based leasing companies. Some of the more typical descriptions as well as skid steer manufacturers, are listed below.

Skid steer, skidsteer, skid steer loader, track loader, track skid streer, skid steer tracks, skid steer forks, skid steer bucket, skid steer side entrance, skid steer rubber track, rubber track skid steer.

ASV, Bobcat, Boxer, Case, Case-Davis, Caterpillar, Compact Power, Ditch Witch, Doosan, Gehl, Hydra Mac, JCB, John Deere, Kanga, Komatsu, Mustang, New Holland, Power House, Takeuchi, Thomas, Toro, Volvo.

Used skid steer loader leasing is also available through many of the leasing companies that provide lease financing for construction based equipment .Because skid steer’s provide a variety of uses, even leasing companies not focused on construction assets are interested in financing these items.

Their reasoning for financing the used equipment is quite simple. Most skid steer loaders have a very long useful life. Their durable construction allows them to withstand heavy use for considerable periods of time. And there is a well established used market for Bobcats and other makes of skid steers where used equipment is always in high demand and never stays on the market very long if reasonably priced.

To move both new and used equipment, many manufacturers will offer an equipment financing program.

While you should consider all relevant equipment financing options when looking to acquire equipment, be careful to properly assess the manufacturer options. Many times they offer a lower than market interest rate, but offset the loss their taking on financing by jacking up the price of the asset you’re buying.

Get a Skid Steer Equipment Lease That Meets Your  Needs.

The best way to know for sure if you’re getting the best deal is to get a cash quote from a related dealer and provide it to us so that we can use it to generate a lease quote from a third party leasing company. Now you will be able to make an apples to apples comparison, and the combination of price and leasing costs that is the lowest, should be the winner.

If you are in the market for a new or used skid steer load or loaders, I suggest that you give us a call so that we can discuss getting you pre-approved for financing if you haven’t located a unit yet, or if you have, we’ll provide you with competitive lease quotes for your consideration.

Call 289 816 0075 and Speak Directly To An Equipment Leasing Specialist

Or Click Here To Send Us An Email

Do You Need To Lease a Backhoe?

Backhoe Leasing is available for the all the following types and models of backhoe tractors and related accessories: tractor backhoe, mini backhoe, Backhoe accessories, backhoe forks, backhoe bucket, backhoe blade, backhoe broom, backhoe auger, backhoe hammer, backhoe compactor, backhoe loader,back hoe, loader backhoe, cat backhoe. Makes include Case, Caterpillar, Ford, JCB, John Deere, Komatsu, New Holland, Sky Trak, Takeuchi, Terex, Terramite, Volvo, Yanmar.

Leasing is available for both new and used backhoe and backhoe related equipment. Because these assets tend to have a long useful life, used backhoe equipment can still secure great leasing rates compared to other types of used equipment.

Most operators requiring a backhoe lease sign up for a capital leasing program due to the fact that they intend to purchase the unit at the end of the leasing term. Capital leases provide the lowest possible financing costs for construction equipment leases because their is nothing built into them to offset the leasing company’s risk that may be associated with having to dispose or liquidate the equipment that gets given back to them at the end of a lease term.

Get an Equipment Lease That Meets Your Needs

Used backhoes can be purchased from both vendors and private sellers. When a private seller is involved, the title of the equipment needs to be checked to make sure there is nothing registered against it and that a free title can be made available to the leasing company. If there are any registrations from previous loans, leases, or other claims against the owner, signed waivers will need to be collected from the identified parties stating that everything has been paid in full.

If you are looking at a private sale, we’ll manage this title verification process for you. While it may take some extra time to complete compared to a vendor sale, a few extra days may be well worth it if you can get a great deal.

The only thing I would add to this process would be for you to let us do the back ground check before you purchase the asset for a couple of reasons. First, we won’t be able to set up leasing for you if there are outstanding liens in place that can’t be removed. Second, you don’t want to be purchasing anything with outstanding liens because the outstanding liability could end up impacting you directly.

Regardless of whether you’re looking for new or used backhoe equipment, please give us a call so we can quickly assess your situation and provide you with the best available leasing options to consider.

Call 289 816 0075 and Speak Directly To An Equipment Leasing Specialist

Or Click Here To Send Us An Email