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Financing or Capital Leases could be your best
option if you want to own your leased equipment at the end
of your contract. You can account for the lease as a purchase
and depreciate the asset on your balance sheet, and all without
committing a large amount of capital. These types of leases
cannot generally be cancelled during the term of the contract,
but at the end of the term you will often have the option
to purchase the leased equipment at a nominal price, usually
as low as $1.
True or Operating Leases are ideal if you need
to use a piece of equipment for a limited time and don’t
need to take ownership. If high-end equipment in your field
makes rapid
advancements and it’s important for you to keep ahead
of the technology curve, this type of lease may be your answer.
Bankers Leasing retains ownership of the equipment, but you
stay at the forefront of your field without spending a fortune
on constant updates. You do, however, have the option to
purchase any of the leased equipment at the end of the lease
term. Although fair market value options are standard in
the leasing industry, a 10% purchase option is the norm at
Bankers Leasing.
A Sale or Leaseback Lease
is one of the creative financial solutions we offer at Bankers
Leasing. You sell equipment you already own to us, giving
you needed cash, and we lease the equipment back to you with
a standard financing or operating lease described above.
You
retain use of the equipment without interruption to your
business and you have access to the capital you need.
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