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Full Financing information
In cooperation with the ACG Equipment Finance, Logosol can offer you alternatives for financing.
Download Lease Application...
Our contact at ACG Equipment Finance:
Scott Hirz
Phone: 866-807-8383
Fax: 800-830-9855
Email: scotthirz@1acg.com
Internet: www.1acg.com
Leasing equipment has become a common business practice. A report by the Equipment Leasing Association states that eight out of ten businesses lease business equipment. Leasing equipment has specific advantages compared to purchasing equipment. These advantages include:
Quick Approval Process: With leasing, the approval process is much faster. The leasing process usually takes 1-2 business days as compared to 1-2 weeks for a loan.
Flexibility: Companies have different needs and different Cash Flow patterns. A lease allows a company to be more flexible in the management of equipment.
Low Down Payment: Equipment leasing typically requires only one to two payments upfront. Those payments are then applied to the balance. With a loan, banks generally require 10-20% of the total price of equipment.
Immediate Write-Off: Operating lease payments can be 100% tax deductible if they are declared as an operating expense. This can help maintain your bank credit line. With loans, depreciation can only be taken over the length of the equipment's useful life.
Conserve Operating Capital: Cash is not tied up with an equipment lease. Leasing can also help manage a company’s balance sheet.
End-Of-Term Options
There are several options after the lease term ends including, $1.00 buyout, 10% buyout, and Fair Market Value.
Please contact me if you like to know more!
Best Regards
Scott Hirz