Leasing vs Buying
If it appreciates, BUY IT.
If it depreciates, LEASE IT.
Leasing allows you to pay for the equipment using the income it brings in, or the money it saves you. Stop losing business because you don’t have the tools you need. Stop losing money because you don’t have the technology in place to run efficiently and safely.
Our advisors are ready to help you structure a lease that best fits your needs. They help you find the purchase options and payments that work best for you. Either buy the equipment, return it, or upgrade it at the end of your lease.
The best way to do this is to put your request in the hands of just ONE leasing company. Sending your application to various sources in an attempt to find the best deal only lowers your credit score and your ability to get the best rate.
Each time your credit is pulled, the name of the company that pulled your credit is added to a cumulative list on your credit report. Banks and funding sources don’t look favorably on lists that include multiple leasing companies. Why? Because it gives the impression that you have either been turned down repeatedly or you are attempting to secure more than one loan. In some cases this may even result in an automatic decline. Many pulls to a credit report may also lower your score.
Avoid automatic on-line applications. That is an easy way to abuse the credit process. Some banks and funding sources do not accept on-line applications for various reasons and may exclude you from sources that have the best interest rates.
Tip: Protect your credit at all costs. Go to www.experian.com and pull your own credit report to make available.