7 Reasons for Leasing with Carpenter & Associates, Inc
Here are 7 reasons why you should lease with Carpenter and Associates, Inc.
- Leasing, overcomes budget limitations and permits business expansion and modernization when you need it.
- Leasing, beats inflation by fixing equipment cost at today's prices.
- Leasing, preserves your bank line of credit because a lease is off the books financing.
- Leasing, Provides you with some of the best tax benefits. (Please consult a professional accountant).
- Leasing, Allows 100% financing (Help keep more cash in your business).
- Leasing, provides equipment acquisition and working capital from $2,000 to $20MIL with approvals from 25-30K with only an application submission.
- Leasing, Is fast and easy - In most cases 48 hour credit approval. Simply submit your application to us and we will do the rest.
There are two main types of leases offered. A FMV or *(True Lease) and a $1 purchase option. Here is a quick sample on how Leasing Works. In a true lease, the lender will buy the equipment and lease it to you for a specific monthly payment and term desired. You choose your equipment and negotiate the price. At the end of the lease, you choose one of the following options.
- Buy the equipment at fair market value (usually 10% or negotiated value of the original equipment cost).
- Continue to lease the equipment at a determined monthly rate.
- Return the equipment and lease new modern up to date equipment or simply return it with no further obligations. You are not obligated to make this decision until the end of the lease term.
*A true lease is an IRS term that allows for the lease to be structured so your payment can be fully written off as an expense. Any option to purchase the equipment must be declared at Fair Market Value at the lease end.
Other leases may provide for $1.00 buyouts, etc., but are not permitted to be given the favored status of a true lease. Please consult a professional accountant to see what option is best for you. If you have any questions please give us a call at 480-219-3712 and we will address any issue that you might have.
For further information on leasing, please visit our frequently asked questions page.
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