By having the right equipment, you can significantly increase your sales, your scope and the services you’re able to offer customers. The equipment you use also reflects your organization and the sense of quality and professionalism you provide, which can attract more new customers to your business. It’s also more sustainable than purchasing equipment outright, as rapidly evolving technology could considerably devalue your investment in a matter of just a few years.
Equipment leasing terms can be quite flexible, with most running between 24 and 60 months. You also have buyout options and can add equipment to your lease at any time, simply adding to your monthly payments without having to readjust your lease terms.
In addition, when compared to the average business loan, equipment leasing provides the following benefits:
When you work with Crestmont Capital, you have access to a team of equipment leasing professionals dedicated to helping businesses across the United States get the equipment and technology they need to truly grow and thrive. We help you keep up with your competitors, even if they are better funded and have greater access to capital.
Crestmont Capital can help you with leasing for everything from technology and furniture to motor vehicles and heavy machinery, while also covering consumables, installation and other costs associated with leasing new and used equipment. We invite you to contact us today to learn more about your options.
You may be more familiar with the word “lease” from things like car and apartment leases. Equipment leasing is a similar concept, but instead of a car or apartment, it’s a piece of equipment for your business.
With an equipment lease, you make monthly payments on the equipment. Once you've reached the end of the initial agreement, you have the option to renew or terminate the lease. In some cases, you may have the option to purchase the equipment you’ve been leasing for its market value.
An equipment lease allows you to rent a piece of equipment that you can't afford to buy right on the spot. Often, lenders won’t require any upfront payments, and the monthly rate is usually lower than what you would see compared to that of a business line of credit or loan.
As we mentioned earlier, if you're in a field with evolving equipment or equipment that has a short lifespan, then an equipment loan is not the best option. It would be wiser to go with a shorter-term commitment like equipment leasing.
As a business owner, you probably want access to as much working capital as possible. With a lease, you won’t need to be making big cash payments. This is convenient for business owners to save and allocate this capital to other expenses.
With equipment leasing, you make monthly payments for the ability to use the equipment for a limited amount of time. This set amount of time makes leasing a more cost-effective option for equipment that you only need to borrow temporarily. Equipment leasing is more ideal for businesses who deal with technology that is consistently evolving. Equipment financing is better suited for things that your business needs for an ongoing and extensive amount of time.
Equipment leasing can be a valuable tool for acquiring the equipment necessary to help your business function and succeed. It’s a flexible, accessible financing option with a variety of benefits.
Crestmont Capital provides a variety of equipment leasing agreements that suit many business equipment needs.
Are you ready to have access to the equipment you need to take your business to the next level? If so, you can fill out an application or contact us today!