Equipment Leasing – What are the Options?

17 Mar

Article posted by LanglyWilliams151 as Business

Equipment Leasing from various Vendors
This is the primary options for people who are not very well-known with the concept of leasing or are not considering about leasing for business. A common example of this is a car leasing option rather than a car loan.
In such category of equipment leasing, the vendor offers the leasing, generally by means of a separate finance company which is either part of a parent company or a totally separate lending company like any used car dealers. This sort of financing is good for a single item deal.
Equipment Leasing from conventional sources like banks
Most of the financial institutions maintains a separate leasing category to facilitate their clients and help them secure financing for equipment deals that would more likely to be disqualified if applied for a bank loan and are compatible for a lease instead of an outright purchase or using line of credit.
Banks are primary sources for leases if you have a good rapport with the bank and you do not require a specifically flexible agreement. Moreover, banks require good amount of credit and are likely to interlink your lease with the other factors of your business that require moving much of your business to the bank.
Separate equipment Leasing Companies
Independent equipment leasing companies are those who offer a business with lease financing for tools and equipments when the vendor does not provide an in house financing option or in cases where the business is likely to finance a deal that requires more than one vendor.
Let’s say, if a business intend to equip its new office with office furniture, computers, telecom equipment instead of separate financing from those vendors, if that was a choice, they would more likely to go through a separate leasing company to get the financing. This translates into more simplified accounting, less paperwork and credit checking as well as application fees and renders the entire deal more flexible and smooth.
Many of these separate leasing companies also offer customized packages to suit the needs of a business. They also offer adjustable payment schedules, adaptable equipment trade, suitable lease options and several other solutions to fulfill specific needs of a business.
Loan process
The equipment leasing process is very simple and easy. You are only required to fill up an online form or you can personally go to a company for further details. You can also apply via telephone or fax if you are applying for a car leasing.
Equipment leasing options are also available in different forms of other methods such as hire purchase arrangement and rentals as well as leasing besides an outright loan.
Equipments leasing is hassle free and simple process of financing your business. It is a more viable option than a bank loan to get your business going by providing it with necessary tools and equipments. The financing companies offer you smooth and flexible process of terms and payments. In this way, you make a secure investment in your business without worrying about the repayments and ultimately provide your business with the necessary equipments and tools.

Equipment leasing