Please note: New Tech Machinery (NTM) does not provide in-house financing, but does work with various finance and leasing companies. Listed below are some leasing companies that can assist with financing our equipment. New Tech Machinery is not affiliated with any of these companies.
Top Ten Reasons to Lease Equipment:
- Leasing improves cash flow
Leasing provides 100% financing with no down payment. Leasing payments are a fraction of the total purchase price and can be a pre-tax expense. Lease payments can even be scheduled to coincide with a company’s seasonal cash flow.
- Leasing provides other credit sources
Unlike a capital expenditure, leasing keeps a company’s credit lines available to meet other needs.
- Leasing avoids risk of usage or technological obsolescence
It is common for a company’s usage of new equipment to evolve beyond the equipment’s capabilities.In the meantime, new technology continues to deliver higher quality and new capabilities. In both cases, leasing protects you by allowing upgrades and equipment add-ons. Leasing conserves operating capital.
- Leasing frees up a company’s working capital for investments or other business expenses
- Leasing offers fixed-rate financing
Fixed payments improve a company’s ability to budget and forecast.
- Leasing allows choice of equipment
Companies can specify the equipment they need and the source – as if purchasing it directly. All normal manufacturers’ warranties are passed through to them.
- Leasing helps hedge against inflation
Low, fixed-rate pricing protects against inflation and allows current acquisition with tomorrow’s dollars.
- Leasing makes more equipment available
Because the monthly lease payment is a small portion of the total cost of the equipment, leasing allows a greater amount of equipment for a given dollar allocation.
- Leasing provides flexibility
Flexible end-of-lease options let a company purchase, refinance, upgrade or return the equipment.
- Leasing offers tax advantages
With operating leases, tax laws allow the deduction of lease payments as a business expense. Plus, there is no time wasted with depreciation schedules or Alternative Minimum Tax (AMT) issues.
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