Sometimes making a payment up-front is just not feasible for your business, this is where leasing comes into place. At In-House Solutions we offer leasing for our products as it is the cornerstone of growth for most enterprises.
Benefits of Leasing
Leasing allows you to conserve cash, leverage up the buying power of your operating or capital budgets, and overcome budget limitations. A $30,000 annual equipment budget is leveraged up considerably through leasing.
100% financing is achieved. Unlike most traditional financing, in most cases you do not make any down payment on the equipment.
No Pre-Payment of Taxes
You pay GST and PST on rentals; you do not prepay these taxes in full up front.
Preserve Lines of Credit
Valuable cash and lines of credit are preserved to grow your business. No one in business experiences financial difficulty because they have too much cash.
Potential Income Tax Benefits
In many instances, leasing provides income tax benefits, and the assets do not appear on the balance sheet. As well, debt to Equity ratios are unaffected.
Pay as you profit
You establish equipment costs in current dollars, and pay these costs incrementally in inflated future dollars, as the equipment is used. You can add extra equipment and accessories for small monthly costs.
Match Revenue with Expenditures
You can match revenues with expenditures by paying for the equipment while it is used to generate revenue, or protect profits.
Simple, Convenient Process
The process is simple and convenient. Your customers achieve ‘one-stop’ shopping for the equipment and financing. Credit approval and lease documentation is uncomplicated and can be completed very quickly.
Repayment can be tailored to your customer’s cash flow. Budgeting is simple.
Considering Leasing as a Financial Solution?
If leasing is a financing solution you are interested in, please contact us to discuss the leasing options available.