1 / 3

Looking To Apply For A Construction Equipment Leasing?

Know how you can put your equipment to lease to run your construction business. Check this link! https://www.leasefunders.com/construction-equipment-lease-options

Lfunders
Download Presentation

Looking To Apply For A Construction Equipment Leasing?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Benefits Of Equipment LeasingFor ConstructionCompanies Getting an equipment lease is not only great for startup businesses, but it is also a great way to backup the construction companies' shortages when it comes to needing new and/or used equipment forconstruction. There are several benefits you can get as a business owner when preferring to opt for your new construction equipment to lease than acquiring a loan to buy it on thespot. Here are the advantages you can get if you opt to lease your constructionequipment. LowerExpense Equipment leasing offers lower expenses compared to construction equipment loans. Generally, equipment leases do not demand a huge amount for a down payment. It's unlike most loans that usually demand 20% to 30% fordownpayment. LowerTax Equipment lease has tremendoustax benefits. Most construction companies who opt for leasing find that the fees per month for the lease are quite lower than loanreimbursements. Flexible To own a leasing plan is not necessary. Suppose you only need the equipment for a solo project, buying it on the spot will more likely get you tussled with the loan reimbursements in the long run until it is completelypaid. On the other hand, with equipment leasing, you can opt to rent the equipment, depending on the term you want. It may be for a few months and then return it. Also, if you happen to need it for a project a little longer than what you have expected, that is plausible aswell. FastApproval Leasing equipment takes only a short time unlike buying a brand new one via installments or loans with longprocesses.

  2. Lower MonthlyFees Leasing has lower monthly fees unlike getting a loan with higher interestrates. LoosenCredit Qualifications Despite your bad credit, leasing can be a good solution to get financed. However, not all equipment leasing companies offer fundings to people with bad credit. So, it is a must that you run background checks and research before signing up with a leasing company online. If you need a construction equipment lease,please review our badcredit equipment leasingpage! Construction Equipment Leasing PaymentMethods Aside from the above-mentioned benefits of equipment leasing, there is another benefit you can get out of it. There are numerous types of programs accessible — which you can simply choose the type of program that fits you and your businessneeds. These are some types of leasing you can choosefrom. The Fair Market Value Lease The fair market value lease is a type of lease that allows you to use the equipment with a settled term. You may utilize the equipment in a fixed number of months and when your term ends, you can choose whetherto; replenish the leaseor turn the equipment backor upgrade to new / bigger equipmentor purchase the equipment for the prevailing fair marketprice

  3. Usually, this program is ideally intended for construction equipment that tends to devalue promptly. It is because the cost to obtain when the lease ends will normally become lower than the original acquisition value would havebeen. The Dollar BuyoutLease The dollar buyout lease is the opposite of the fair market value lease. With this lease, you will be paying a higher monthly fee but you can obtain the equipment when the leasing term ends for just$1. If you think you will be needing the equipment for a longer period, this program will be more suitable foryou. Do You Need A Capital Even If You're Already OwningAn Equipment? Secured business loans can bethe solution you need! Equipment Sale-Leasebackis a type of secured business loan that allows you to use the equipment as collateral for aloan. Once completed, you can now use the loan and proceed in any way you want. Also, you can reimburse the amount for the monthly lease while you remain in use with theequipment. Usually, lenders or creditors will only allow you to opt for a sale-leaseback if the equipment is titled, but with Leasefunders.com, they approve the secured loan accepting both the titled and the untitledequipment. In case your equipment is not titled, they will demand copies of the original bill ofpurchase.

More Related