Leasing Benefits
Leasing Makes Sense
When you lease you're running with the best.
Leasing is one of the fastest growing ways of financing equipment in business today. A recent survey found that 80% of U.S. businesses lease a portion of of their equipment. Companies that use leasing range from Fortune 500 to the family store. A growing business often faces the dilemma of limited cash flow and the need to add equipment. Leasing can put that equipment to work for you with real cash flow advantages and without a major capital investment.
Acquire equipment without tying up capital.
Where other types of financing require a hefty down payment, leasing offers 100% financing. Most lease agreements require an advance of only one or two monthly payments. The equipment goes to work for you immediately with minimal up-front cost.
Protect your lines of credit.
Lease payments have no impact on your credit lines with your bank. Preserve your borrowing power for other business opportunities.
Maintain a competitive edge.
The latest and best equipment lets you do the job faster, better and cheaper than the competition. Leasing gives you the advantage of leading technology at an affordable cost.
Take care of the "hidden cost".
Leasing gives you more than just the equipment. It can also cover the cost of delivery and installation. You lease includes everything it takes to actually put the equipment to work for you.
Realize Tax Advantages.
Purchases are made with after tax dollars. Lease payments usually can be treated as pretax business expenses and as such may reduce your taxes.
Simplify accounting.
Lease payments are a little more than a line item in your monthly cost of operations. A minimal bookkeeping effort that frees you from time consuming depreciation schedule.
Financing also available.
If you or your accountants decide that leasing is not for you, Credential also offers traditional equipment financing to our customers.
How to get started
SO WHAT DO I DO?
You've selected your vehicle or equipment and decided to finance or lease with Credential.
Now here's the easy part.
Just fill out the application through your equipment supplier or directly with Credential and we will contact you if further information is required.
Once all required information is received, an approval or denial should be provided within twenty-four hours.
Upon delivery of the equipment and your authorization of the agreement, the supplier will be paid and payments begin.
It's that Simple!