Equipment Leasing
"If it appreciates, buy it. If it depreciates or becomes obsolete, lease it."
What is it?
Equipment Leasing allows you to purchase new equipment, refinance old equipment and use your unencumbered equipment to obtain working capital. An advantage of leasing is it does not drain your bank account with a large purchase and allows your company to better predict your cash flow. Regardless of the type of industry, there are companies that will finance hardware, earth moving equipment, manufacturing equipment, technology equipment, transportation equipment and many other options. Many businesses prefer leasing over buying due to its cash flow advantages, tax deductibility, flexibility and efficiency.
How does it work?
- You choose the equipment you want and provide invoices from the vendor, making sure to include all shipping, installation and setup fees.
- You fill out a simple lease application with SouthStar, specifying the term and type of lease that you would prefer.
- After your lease is approved, SouthStar will purchase the equipment and have it delivered and installed (if applicable) at a time specified by you.
- You make fixed monthly payments for the term you have chosen, enjoying the benefits of the equipment as though you own it.
- At the end of the lease, as written in the lease contract, you have a few options:
- Turn the equipment in and lease new equipment.
- Extend the lease or pay month-to-month to keep the same equipment.
- Purchase the equipment from SouthStar at the price predetermined in the lease contract.
Imagine
- Preserving your cash flow
- Customized and Flexible Financing option
- Having the ability to upgrade equipment as technology changes
- Turning unencumbered equipment into working capital
- Refinancing an old piece of equipment for more favorable terms and monthly payments
- Easy and Quick Approval process with our lenders
Contact SouthStar Capital today to discuss how Equipment Leasing can assist your company or fill out our Application to get started! |
