7 Benefits of Leasing Your Business Equipment

Two engineers standing in a commercial shipping yard tracking containers

Investing in the right commercial equipment is key to securing significant growth for your business. Here are 7 benefits of equipment leasing and how our team can help provide the right financial solution for your needs and budget.

No matter the size of your business, or what industry you are in, having access to the latest commercial equipment keeps you ahead of the competition. Whether you are looking to lease or buy your equipment, replacing old and outdated commercial equipment can help you:

  • Boost workplace safety and security
  • Improve efficiency and productivity
  • Reach new customers and markets
  • Maintain a competitive edge in your industry
  • Meet the needs of your evolving business

Ensuring that your business runs with the right equipment will not only enhance your customers’ perceptions of your company, but it will also help you save money on energy and consumable costs while boosting workplace safety.

Flexible Equipment Leasing Solutions to Meet Your Business Needs

By bringing together a wealth of experience, our team can provide the right financial solutions for businesses across Canada. We offer the flexibility to finance any type of equipment, software, or vehicle that you require for your business. There are no restrictions on year, KM, or hours – we do it all! Want to know more about how we can help you acquire the business equipment and technology you need?

7 Benefits of Leasing Your Business Equipment

Upgrading your commercial equipment regularly will help your business grow and become more profitable, yet taking this step can be challenging. In many cases, opting to lease your business equipment can be an excellent solution, and it will offer many benefits, including:

1. You’ll Optimize Your Cash Flow

Leasing your commercial equipment offers a more affordable way to acquire the assets you need and leaves your cash available for investment opportunities, or as a safety net for unforeseen expenses. The ‘pay as you use’ model of an equipment lease allows you to build a stronger and more productive business with leading-edge equipment while freeing up valuable capital.

2. You’ll Get Your Equipment Straight Away

One main worry of many business owners is that opting for equipment leasing is a lengthy process. While it’s true that with bank financing, you can be waiting upwards of weeks for a turnaround, at First Capital Leasing, we can have your application approved in 4 hours or less, and documents signed, and the supplier paid in as little as 24 hours or less! We don’t require our clients to re-apply each time they would like approval and strive to always make it as easy and fast as possible for you to add to your portfolio and keep it growing.

3. You’ll Increase Your Buying Power

When you opt for commercial equipment leasing, you will be able to leverage your cash flow with flexible payments rather than expend them on a large, upfront purchase. This will allow you to acquire the equipment you need now, along with any extras that may have been put off for a more ‘convenient’ time, or not acquired altogether.

4. You’ll Get Flexible Payment Options

Our team of dedicated and experienced professionals will work individually with each customer to custom tailor your lease to align with your receivables. Depending on your needs, you may opt for:

  • Skip payments
  • Seasonal payments
  • Annual payments
  • Terms ranging from 6-72 months

We are creative and knowledgeable and always strive to seek solutions that will work best for you and your business.

5. You Can Get Tax-Deductible Funding

Another big benefit of opting to lease your commercial equipment is that such equipment leases can be up to 100% tax-deductible in Canada. Check the Revenue Canada Guidelines to determine how this may help your bottom line next tax season.

6. We are always on hand to help

If you have any questions, our team is happy to share our experience and knowledge to help you make the best, and most informed decision, for your business. Not only do we have one of the highest approval percentages in the country, but we are also creative and work with you to create a tailored financing solution that will allow you to acquire the equipment you need to make your business more profitable. We accommodate any supplier(s) or auction houses, as well as private sale transactions.

Take comfort in knowing that we complete all due-diligence, including equipment comparables and lien searches, to ensure that no liens are encumbered on the assets. We take care of all the work traditionally involved, so you don’t have to!

7. You’ll Be Able to Unlock The Equity In Your Equipment

With our sale-leaseback program, we can take the equipment you already own and refinance it for fair market value. This is a great way to raise capital for your business while enjoying the benefits of an equipment lease. In many cases, our clients choose this option instead of drawing down on a traditional credit line.

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