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The Leasing Advantage
Leasing can be a very smart business decision. In fact, equipment leasing is one of the best options to stay liquid and improve your cash flow. It’s a way to get the equipment you need without the high cost of ownership.
Three Reasons to Lease
1. Tax benefits
- Lease payments can be expensed rather than depreciated as a capital cost.
- When you lease equipment the outstanding debt doesn’t appear on your balance sheet. That means it doesn’t affect the debt-to-equity ratio of your business.
2. Keep your cash in your pocket
- You don’t touch your cash or your credit line, when you lease. You can rest easy knowing they’ll be there when you need them for an emergency or an opportunity.
- No deposit. Your first payment is applied to the balance when the lease is signed, not like financing through a lender who typically requires a substantial down payment.
3. Transfer wealth to family members
- When your lease ends, the equipment can be purchased for 10% of the original value. You are welcome to share this purchase option with family members.
The nitty-gritty
You’re in the Driver’s Seat!
Your Weyburn Credit Union Account Manager will work with you to develop terms, payment amounts and schedules that meet the needs and cash flow cycles. They can even work with you to establish a leasing line of credit for you to take advantage of equipment purchase opportunities as they arise.
Payment options can be customized to your business and its cash flow.
- Monthly, quarterly, semi-annual, annual or ‘other’ payments.
- You’ll receive a schedule of payments at the start of the lease.
- Pay with pre-authorized payments established with a void cheque.
- Or, pay with post-dated cheques.
If your business changes and you need to adjust your payment schedule, just give us a call.
Calidon specializes in agricultural, construction and industrial equipment leasing including:
Agriculture equipment leasing
- Grain bins
- Tractors
- Combines
- Trucks
- Sprayers
- Augers
- Loaders
- Haying equipment
- Planting and seeding equipment
- Tillage equipment
- Pole Shed
Construction equipment leasing
- Dump Trucks
- Backhoe Loaders
- Compact Track Loaders
- Crawler Dozers
- Crawler Loaders
- Excavators
- Graders
- Scraper Tractors
- Skid Steers
- Tractor Loaders
- Wheel Loaders
Municipal Equipment Leasing
- Ambulances
- Fire trucks
- Mowers
- Graders
- Utility Vehicles
Commercial Equipment Leasing
- Mowers
- Utility vehicles
- Tractors
- Worksite and workshop products
- Agronomic products
Material handling equipment
- Warehouse equipment
- Forklifts
- Inventory equipment
