Equipment Lease Financing
Personalized equipment financing since 1972
Equipment Leasing Advantages
It is common knowledge that profit is derived from equipment use, not ownership.
Leasing is a fast and easy way to get the equipment you need. And, with minimal cash.
Equipment leasing lets you "pay-as-you-go". Therefore, payments come from profit or savings.
Lease terms can be longer than loans. This can mean lower monthly payments.
Here are more equipment leasing benefits.
Conserve Working Capital
Purchasing equipment may require a 20% or 30% down payment. In addition, compensating balances that tie up working capital. Leasing avoids large down payments and compensating balances. Instead, you finance up to 100% of your cost. Your working capital can be used to generate more profits!
Conserve Bank Lines and Credit Capacity
Equipment leasing leaves your bank lines intact. Therefore, a lease imposes fewer restrictions on your operations. Restrictive covenants are common in loan agreements. For example, limiting expenditures or additional borrowing. These restrictions do not apply in our lease agreement. Instead, leasing provides "off balance sheet" financing. Moreover, lease financing is not reflected as debt on your books. Leasing equipment helps you achieve lower debt-to-worth ratios.
Improve Your Tax Situation
Lease terms can be shorter than equipment "useful life". This accelerates depreciation, creating faster tax write-offs. Equipment lease payments are fully deductible in most cases.
Hedge Against Inflation
Instead of paying for equipment with present dollars, leasing lets you pay-as-you-go. With leasing, you meet tomorrow's cost with tomorrow's dollars. Therefore, leasing can be a smarter way to manage your money.
Avoid Obsolete Equipment
Companies may wait for purchased equipment to be fully depreciated before replacing it. In the meantime, equipment may become obsolete. This can make you less competitive. As leased equipment ages, you can readily upgrade. Equipment leasing lets you use the latest equipment all the time. In turn, this helps you compete.
Easier Budgeting
Leasing minimizes cash outlays and monthly payments so, it fits into tighter spending plans. It also lets you acquire equipment when annual budgets are closed. Leasing avoids capital purchase red tape because leasing is treated as an operating expense.
Cost to Contract
An equipment lease keeps equipment cost in the contract period. For example, government cost-plus contracts. Unlike purchasing, lease payments are a deductible expense.
Convert Assets into Cash
You can raise cash from equipment you already own. You do this with an equipment sale and leaseback. Or, by refinancing the equipment.
Equipment Lease Financing - How It Works
You can lease almost any capital asset used to operate your business. Here is just some of the equipment you can lease:
- Computers
- Office Equipment
- Graphic Arts Equipment
- Materials Handling Equipment
- Food Processing Equipment
- Food Packing Equipment
- Office Furniture
- Medical Equipment
- Scientific Instrument
- Machine Shop Equipment
- Heavy Equipment
- Gym Equipment
- Restaurant Equipment
- Dental Equipment
- Farm Equipment
- Commercial Equipment
- Semi-truck & Trailer
- Tow Truck
- Water Truck
- Dump Truck
- Excavator
- Construction Equipment
You choose the supplier, equipment and cost. We take it from there.
Crosspoint buys the equipment and leases it to you. You can choose the lease term. Leasing gives you unrestricted use of the equipment.
Equipment Lease Financing FAQ
Looking for the best equipment lease financing?
Let Crosspoint do the legwork so you can focus on your customers!
No need to shop banks or decide between sales pitches. Crosspoint guides you through the process and helps you make the best decision.
Our lease portfolio includes all types of equipment for companies across the United States. Crosspoint has the financial stability, flexibility and experience you need. We personalize equipment lease financing for your business.
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