We Provide Heavy Equipment Leasing Solutions To Our CustomersHeavy Equipment leasing or lease financing is available through our lease finance partners here in Canada and the U.S. With the amount of capital that can be required to operate a construction, commercial, or industrial work crew where heavy machinery is required, the option for lease financing can be key to keeping your operation up and running. In order to make sure we can cover off the equipment leasing requests we do get for heavy equipment, we have developed key relationships with leasing companies that collectively can finance both new and used equipment as well as a broad range of credit profiles. For used equipment in particular, the longer potential useful life and remaining useful life of any given heavy asset, the easier its going to be to get lease financing in place. And because heavy equipment can have a significant useful life, we can many times get rates and terms that come close to what you can get if you were purchasing a new asset. The key advantage of heavy equipment leasing is the amount of leverage you can secure in a relatively short amount of time. The leasing companies that finance this type of equipment can make a financing decision in a matter of days with funding to follow shortly there after. Depending on the strength of the borrowing companies financials and credit, financing can also be secured at or near 100% of the cost of acquisition. Get Heavy Equipment Leasing That Meets Your Business NeedsThere are a number of additional advantages construction leasing for heavy equipment can provide to your business including but not limited to seasonal payment structure and balloon payments at the end of the lease term. With respect to seasonal payments, depending on your exact type of business, you may only be operating and generating income for part of the year. If this is the case, then we can work with our leasing partners to see if we can secure a heavy equipment lease on a quarterly, semi annual, or even annual basis. If there is need to further reduce the amount of debt service coming out of cash flow, a heavy equipment lease can also potentially be structured into an operating lease whereby 10% to 30% of the original acquisition cost is paid back at the end of the lease term in what we call a balloon payment. This will effectively lower your monthly debt servicing requirements in the short term, allowing available capital to flow to different areas of need. |
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