Choosing The Right Leasing Partner For Your Business Needs
One of the best ways to reduce your business’ overhead, especially when your business is in the developing statges (2 or more years operating) is to lease the equipment you will need to operate your business, from the office to the manufacturing plant.
In this way, instead of investing a sizeable chunk of your initial capital in a lot of equipment that will have to be divested, should the business fail, you can lease that same equipment at a fraction of the cost, within a negotiated contract that reflects the best terms for you.
And, by leasing instead of purchasing, you gain a reliable source for new equipment, should you need it, as well as a solid partner that has a vested interest in your success. Choosing the right leasing partner can be difficult, but we can show you what to look for so that you can get your business off the ground quickly.
Interested in finding out more information on how choosing the right leasing partner can help your business succeed? The experts at Sun South Equipment Leasing can answer all of your questions. Call us today and we will show you how we can help your business thrive and grow.
These days, with the cost of everything on the rise, just outfitting an office space can take a huge chunk out of your working capital. By leasing that same basic office equipment, you can literally save thousands of dollars in up front costs, and keep your overhead low. Long-term leases will generally have the lowest interest rates, saving you even more money in the long run.
When it comes to specialty equipment, like industry-specific items like x-ray machines, plastic molding equipment or even construction equipment, leasing from a company that specializes in your niche industry can save you money through reduced costs, servicing that same equipment themselves, and you save on depreciation at the end of the year. Leasing costs can even be tax deductible for some companies, depending on tax laws that apply to your business.
Criteria any Leasing Partner Should Meet
The best way to go about choosing the right leasing partner for your business is to ask around or talk to other business associates and ask them to refer a leasing company they have work with in the past and know by reputation. Next, call the recommended leasing company and get pre-qualified for their leasing programs. Be sure to request a proposals for the lease structure you’ve negotiate and is the best fit for your business. In most cases proposal will be provided without any obligation or commitment needed from your business.
When choosing the right leasing partner, you should look for expertise in your company’s industry, has a good reputation, reasonable terms, a proven track record, and good customer service relationships. Do your homework, and due dilligence before making any decision. Never, ever pay fees or money up front without a contract.