Do You Need To Lease Finance New or Used Wood Working Equipment?
Wood Working Equipment Leasing is provided by several different leasing companies and even traditional banks to their Canadian based customers.
These types of assets are very commonly financed via equipment loan or equipment lease facility. The decision whether to finance by loan or lease has a lot to do with the financing company capital program. The best available deal may be in either one form or another as its not very common where an equipment financing source can provide you with the both options.
Both forms of manufacturing and processing equipment financing can be equally effective with each having their pluses and minuses, but for the most part, there is very little difference between the two except for the asset ownership which lies with the leasing company for lease financing, and with the borrower when financing takes place via an equipment loan.
Here is a fairly broad list of some of the more common new and used wood working equipment assets that are pre approved for financing by a number of Canadian based leasing companies we work with.
Finger jointer,carving machine, air cleaner, door construction equipment, jointer,chair making equipment, boring machine, reciprocating saw, flooring equipment, planer, veneer equipment, laminating equipment, router, dowel equipment, drill press, finishing equipment, v-groover, radial arm saw, home construction equipment, band saw, circular saw, edge bander, bench grinder, wood waste equipment, scroll saw, tile saw, drill, jig saw, mitre saw, dust collector, cordless saw, joiner, table saw, shaper, rip saw, saw, hammer drill, grinder, sawmill equipment, lathe, sander.
There are obviously many other types of wood working equipment that could be listed here so if you have a certain asset you’re looking for in this classification that’s not on the list, please give us a call so we can qualify it with our equipment leasing company partners.
If you’re planning to acquire woodworking equipment that will need to be lease financed, we would encourage you to give us a call so we can arrange a pre-approval for you. By getting the application for leasing process out of the way you can then concentrate more fully on the acquisition process knowing not only that the money is available but what amount you have to work with.
Even if you have recently purchased equipment with cash, we can still perform a sale and lease back up to 6 months after the purchase of new or used woodworking equipment, allowing you to replenish your cash reverse or utilize the funds for other purchases.
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