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Financing

Why Lease?

  • You generate revenue by using equipment not owning it.
  • Many different Types of Leases designed to meet your specific needs.

Benefits of Leasing

As an alternative to traditional lending, leasing can offer real advantages for any size business, including:

  • Up to 100% Financing
    Other financing options may require a sizable down payment. Leasing often eliminates the need to provide cash "up front".

  • Conservation of Working Capital
    Since lease payments can be tailored to match your cash flow, more cash is available to your business for other critical needs.

  • No Pre-Payment of Taxes
    You pay the sales taxes with your monthly rental payment.

  • Tax Benefits
    Depending upon the lease structure, you can deduct your monthly lease payment as an operating expense and reduce the cost of the lease.

  • Technological Innovation
    Technological developments are making equipment obsolete faster than ever. Leasing allows you to match the term to the useful life of the equipment.

  • Affordable Lease Payments
    Many companies choose leasing because it permits them to acquire the equipment they need while remaining within their operating budget.

  • Purchase or Renewal Options
    Lease contracts allow you to purchase equipment at a stated amount or at fair market value after the initial term or renew the lease for additional periods and often at reduced monthly payments.

  • Flexibility
    Leasing usually permits more flexibility than term loans in the lease terms, extensions, early terminations and payment schedules.

Types of Lease

Capital Leases

  • The term covers the equipment’s useful life. With the final payment the Lessee can extend the lease, upgrade the equipment, or buy it for a predetermined lump sum.

Operating Leases (also known as Fair Market Value Leases)

  • Similar to a rental agreement, with a term normally limited to 75% of the useful life of the equipment.With the final payment the Lessee either surrenders the equipment or buys it at its “fair market value”.

Terminal Rental Adjustment Clause (TRAC) Leases.

  • At the expiration date, your company has the option of re-leasing the equipment, selling it or buying it for a predetermined amount.

Conditional Sales Contracts

  • This type of installment contract (your company purchases the equipment with certain terms and conditions of payment) gives your company possession and full use of the equipment and transfer of title once the equipment has been paid off.

Sale and Leaseback

  • The Lessor purchases equipment that your company already owns and leases it back to your company at agreed upon terms and conditions.This type of transactions permits your company to raise working capital by leveraging the unencumbered equity in the equipment that you already own.

Contact EMEC today to discuss the financing options available to your company.