Is leasing more expensive than my bank?
This is a common misconception among business owners who have never taken advantage of equipment leasing. Equipment leasing provides tax advantages that traditional bank financing does not. Ninety percent of small businesses lease equipment. Click here to use our easy-to-use Tax Savings Calculator to automatically figure tax savings.
What if we pay cash for our equipment?
A general guideline when making financial investments is to purchase assets that will increase in value (real estate) and lease assets that will decrease in value (equipment). Constant improvements in technology decrease equipment value. Please consult your account executive at Premier Capital for a Lease vs. Buy cash analysis to illustrate the “Time Value of Money” model. More often than not, the TVM formula will suggest preservation of your working capital.
Who is eligible to Lease?
Any company, organization or association is qualified to lease equipment through Premier Capital. However, we cannot finance equipment to individuals for personal use.
How does a lease rate compare with a rental rate?
Typically, leasing is the least expensive method when you need capital equipment for more than a six-month period. Lease financing also provides flexible options to own the equipment at end of term.
Is a Down Payment required?
A security deposit, usually equal to one or two months' lease payment, is generally required. This differs from a down payment in that the amount is typically much smaller and it is a true deposit that can be applied to the purchase price of the equipment at the end of term.
We will be taking delivery of equipment over a three month period. Do I have to sign a new lease agreement for each delivery?
We will provide you with our Master Lease Agreement so you can sign lease schedules under the master lease as you acquire each piece of equipment.
My bank won’t allow me to finance software, training or services. Can they be included with the lease?
Yes. We provide 100% soft-cost financing. Soft costs include: freight, installation, maintenance, software, training and taxes.
