Business Leasing FAQs

BUSINESS LEASING OR PURCHASE?

Leasing can be a smart way to go because it lets you improve cash flow. Your company will realize an immediate cash savings by not having to pay a large down payment to purchase equipment. In fact, leasing permits 100% financing and the term of the lease can be matched with the useful life of the equipment.
Tax benefits – your payments may be fully deductible
You have the ability to arrange long, flexible terms with low monthly payments
Put your equipment to use immediately to generate revenues
Conserve valuable company working capital and preserve your bank credit lines
Incur costs equally over the usable life of the equipment.

WHAT TYPES OF EQUIPMENT CAN BE LEASED?

Most likely any equipment you may need for your business it can be leased.

Industrial, Construction, and Manufacturing: Fork lifts, cranes, dozers, loaders, machine tools
Transportation: Tractors and trailers, aircraft, trucks, automobiles
Office Equipment: Furniture, copiers, fax machines, fixtures
Computers: Mainframe, industrial and imaging systems
Communications: Telecommunications, broadcast, and switching equipment
Medical: CT scanners, MRI systems, X-ray equipment and fixtures

HOW DOES LEASING WORK?

Identify how long you will need this equipment or want to have in place.
What do you intend to do with the equipment at the end of the lease – replace, renew, or purchase?
Contact The Leasing Group to review your objectives to assist you in preparing the necessary information.
Leveraging our relationships with 40+ lending institutions we bring you back the best leasing deal.
We’ll handle issuing purchase orders are issued to your chosen supplies for all the equipment you’re needing.
Once confirmation of equipment is completed we’ll manage the details of issuing checks to the vendors.

WHAT TYPES OF LEASES ARE AVAILABLE?

Fair Market Value Lease: A fair market value lease may also be referred to as a true lease. This type of lease provides several flexible options at the conclusion of the lease agreement. Typically the lessee will have the option to return the equipment to the lessor, renew the terms, or can purchase the equipment for the fair market value.
$1 Buyout Lease: Also referred to as a capital lease. This type of lease guarantees the option to purchase the equipment for the amount of one dollar ($1) at the conclusion of the lease agreement. Customers that plan to keep the equipment at the end of the lease term typically select the dollar buyout option.

WHY SHOULD I LEASE WITH THE LEASING GROUP?

At The Leasing Group we’re more than just a vendor, we become a partner in your business. That’s why upon acceptance we coordinate the details with your equipment suppliers and help coordinate equipment deliveries. As equipment is delivered, our financing documentation is prepared for your review and authorized signatures. We pay the bills and you’re on your way getting to work.

If you’d like to learn more about business leasing and how The Leasing Group can become a financial champion for your business give us a call, (502) 456-2800 or send us an email anytime lease@theleasinggroup.com. Visit our Lease Blog to stay up on tips for business funding success including small business loans & financing, the ins & outs of commercial lease agreements, and much more.

GET QUICK APPROVAL ON EQUIPMENT LEASING

The Leasing Group is a network of forty-two community banks scattered throughout Kentucky, Indiana, Tennessee and Ohio. These banks provide funding for equipment financing opportunities, both individually and in participation. As a group, our focus is to extend an additional level of credit to businesses in our region.

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