Purchasing a fleet of commercial vehicles is an expensive endeavor that will tie up your company funds. This can create financial restrictions in other areas of your company and can cause a lack of liquid capital that can be especially problematic for new or small businesses. One way to avoid this issue and to keep working capital liquid is vehicle leasing. By leasing your vehicles instead of purchasing them outright, you not only avoid large capital expenditure, but you also receive other benefits such as simplified maintenance plans, easy upgrades, and lease-to-own incentives. To help your landscaping company minimize financial barriers, consider the benefits of commercial vehicle leasing.
Have Available Cash Flow
Landscaping companies need a lot of vehicles, which can mean large capital expenditure when a business is trying to get off the ground. This limits the amount of available cash flow for other important aspects of your company, such as payroll, materials, insurance, marketing, and more. Vehicle leasing can help you ensure you have enough working capital for everything you need by lowering your initial expenditure. When you lease your vehicles, you can start making gradual payments instead of paying one large price and draining crucial funds.
Keep Up With Growing Demands
As more business comes in, your company may need to expand and stay on top of technological advances. This can be difficult to accomplish if you don’t have enough vehicles to keep up with demands or if you feel stuck with the vehicles you purchased when starting your business. Vehicle leasing can help you quickly get more vehicles to keep up with demand while offering you a chance to upgrade your vehicles at the end of the leasing contract. This way, you don’t have to worry about trying to trade in your old vehicles or losing money on the resale value and you can continue to offer top-of-the-line services to your customers.
Reduce Maintenance Expenses
When you have the opportunity to upgrade your vehicles, you end up saving costs on the maintenance older vehicles would require. You can also save on gas for vehicles by upgrading to new fuel-efficient models as they come out. The frequency at which you update your vehicles will depend on how long your leasing contract is, but some leasing partners will offer a maintenance program to help you better manage your vehicles and ensure that there will be no large, pricey issues.
Lease To Purchase Options
Leasing your vehicles offers a great opportunity for continual upgrades, but many leasing partners also offer lease-to-buy deals. If you are leasing vehicles to help reduce your capital expenditure and you decide that it’s the perfect vehicle for the job, you may be able to buy it at market value from the leasing company. Some companies will also offer employees the opportunity to purchase vehicles at fair market value after the lease has ended as a way to incentivize employees to stay with the company and to treat their work vehicles well.
To ensure you have the most up-to-date vehicles that will save you money and continue to deliver top performance, partner with First Capital Leasing. Our Alberta-based leasing company has been helping Canadian business owners for over 25 years. Our expert commercial leasing team will work with you to create a tailored, individualized leasing plan that will work with your budget to deliver top results. Vehicles are an invaluable asset to landscaping businesses but the price of obtaining them can be a large barrier for many companies. Vehicle leasing is an affordable payment option that leaves your cash available for operating costs and a safety net in case of any unforeseen expenses. To partner with the financial experts at First Capital Leasing, call 1-888-251-3644 or fill out the online contact form and start building your business with commercial leasing.
Q: How does my business explore commercial leasing with First Capital?
A: Our process is simple:
Q: If my company is not based in Calgary or Alberta can I still use First Capital for my vehicle leasing?
A: Yes, while First Capital is based out of Calgary, our commercial leasing services are not limited to Calgary or Alberta.
Q: How do I apply?
A: We have an easy-to-navigate application process. Apply Here. And once you have applied, there is no need to apply again as we keep you on record and we will continue to partner with you for all your business financing needs.
We'd love to have the opportunity to understand your business and develop a strategy customized to your business' short-term needs and long-term goals. We boast a 95% approval rate through our vast network of underwriters (including a robust private portfolio).
Contact us at 1-888-251-3644 or complete the online contact form below. We look forward to connecting with you.