Technology provides a powerful and necessary advantage in business; The following points examine those benefits and allow you to decide how these benefits give you the necessary edge in business. An equipment lease agreement gives you the edge you need without the high costs associated with purchasing state-of-the-art equipment.

More options, lower costs – With an equipment lease agreement, you have the freedom to select your choice of equipment without paying full price. This advantage also comes with the fact that most commercial equipment leasing companies often handle everything from maintenance to deployment of your equipment. Your business can save costs associated with equipment, since the leasing company typically gets price reductions on equipment and related services since they buy in bulk.

State-of-the-Art Equipment – ​​When a commercial equipment leasing company provides your business with equipment, they provide the best. They do this because, unlike their business, equipment leasing is the only business they do and their competition is focused on bringing you the best equipment at the lowest prices. If they don’t provide the best equipment at the best prices, your competition takes over, so the company paying for the leasing services reaps all the benefits associated with getting the best equipment at a cheap price.

Flexible Arrangements – With an equipment lease arrangement, financing is at your convenience. Financing can be arranged according to how you intend to use the equipment and your company’s cash flow. You can also renegotiate the terms of your lease if your circumstances change and there are no repercussions. Some commercial equipment leasing companies also handle insurance on their equipment, so insurance costs for your leased equipment are not an issue.

Equipment Leasing Options

With the various equipment leasing companies available, there is hardly a fixed set of leasing options. Companies will offer leasing options and adapt them according to the needs of their clients. In this equipment leasing guide, we have selected some of the most common commercial equipment leasing options available, which can be found at a variety of equipment leasing companies in the US today.

The Capital or Finance Lease offers the lessee the option to purchase the equipment at a greatly reduced rate at the end of the lease period. This equipment lease is also known in some quarters as a nominal purchase lease. With the Sale-Leaseback Lease, the company buys the equipment it requires and sells it to the leasing company. The equipment leasing company may lease the equipment back to your company or business for normal use. The municipal lease option is available to public agencies and non-profit organizations. If your company falls into these categories, you can make inquiries about this option. With Deferred Payment Leases, the first monthly payments on such leases are generally deferred to a period of up to 90 days prior to the commencement of the lease. With the Seasonal Lease or Skip Payment, the lessee pays the lease in peak periods of the year of operation, which are defined at their convenience. With True Lease, the lessee can choose to return the leased equipment at the end of the lease or can purchase the equipment at fair market value. With the Graduated Lease, leases start with small monthly payments that increase according to the level of growing income your business generates.