|
Equipment Leasing Options Leasing equipment helps keep start-up costs down while improving an operations cash flow position. Financing through a lease program has many other advantages over traditional financing. Fixed Payments: Lease payments are typically fixed for the entire term. There are no surprises as with conventional bank loans, which are generally tied to a fluctuating prime rate. Leasing also allows you to budget with confidence. Custom Payments: Monthly income may vary from season-to-season. With step-up, step-down, seasonally adjusted (or "skip") payments, and other options, a custom lease will likely meet your requirements. No Obsolescence: At lease end, you have the option to return the equipment if you no longer need it or if you'd like to upgrade. You are free to update as well as re-evaluate where your money is best spent. No Cross Collateralization: Banks often require that you pledge collateral other than what you are financing. They do this using blanket liens which could tie up equipment and assets other than the equipment you are acquiring. Financial flexibility may be compromised in the future months and years. Longer Term: Equipment can often be leased over a longer period of time than traditional bank financing, and means a lower monthly cash outflow. New equipment can be leased for up to five years. We offer complete assistance and work with companies who specialize in restaurant leases. Talk to your sales rep about the advantages of leasing.
|
|