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

Who qualifies for equipment lease financing?

Any business can lease through Crosspoint with approved credit.

Who selects the equipment?

Any new or used equipment can be leased. You choose the equipment, supplier and cost. We do the rest.

How are financing rates determined?

Rates are determined by the cost of money, type of equipment and credit score.

Can multiple suppliers be included?

Yes. We can include different equipment and multiple suppliers on a single lease.

How do I make lease payments?

Monthly ease payments are made in advance. First and last month payments are due at signing.

Can I trade in equipment?

Yes. We have the Crosspoint Trade Up Plan. This helps you use the latest equipment at all times.

How long does it take to lease?

Usually, two days after the lease application is submitted.

What cost is covered?

The equipment plus sales tax, shipping and installation.

What about warranties and service contracts?

Supplier warranties and guarantees are passed through. Service contracts are normally not covered by a lease.

How long can I lease equipment?

As long as you need, within certain limits. Lease terms of 3 to 5 years are common. Shorter or longer leases can be arranged.

Who covers insurance and maintenance?

You are responsible for insurance and maintenance on leased equipment.

What happens at the end of the lease?

You can renew it, purchase the equipment or return it.

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.

Please feel free to share our website with friends and business associates.

Copyright 2020  Crosspoint Leasing & Financial Services  8931 Quail Creek Court  Fair Oaks CA 95628

Crosspoint AAFCB Member Website Banner

Website by Murphy Digital