Heavy Equipment Financing Used New Lease 7 Park Avenue Financial

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YOUR COMPANY IS LOOKING FOR USED HEAVY EQUIPMENT FINANCING

 AND LEASE OPTIONS! 

You've arrived at the right address! Welcome to 7 Park Avenue Financial 

        Financing & Cash flow are the  biggest issues facing business today

                              ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?

CALL NOW - DIRECT LINE – 416 310 5769  -  Stan Prokop

 Let's talk or arrange a meeting to discuss your needs

EMAIL - sprokop@7parkavenuefinancial.com

Canadian business owners and financial managers are sometimes unaware that used equipment can be financed.  There is categorically used heavy equipment financing options available for your business. One of the ironies of financing used heavy equipment is that the type of asset that is being financed often has considerable value versus its original price. Most assets in other categories depreciate much more quickly in value – think cars or computers!

WHAT ASSETS CAN BE FINANCED

There is a broad range of assets in this category that qualify for excellent rates, terms and structures.  Some of the assets in this category of Canadian lease financing are:

Heavy Construction Equipment

Machining assets

Trucks

Trailers

Backhoes

Concrete Equipment

Bulldozers

Excavators

Scrapers

Other assets are included and can be financed, but these are some of the main ones.

OPERATING LEASE VERSUS CAPITAL LEASE ?

When you are looking to finance equipment via equipment loans of this nature it is important to understand your lease financing options. In most cases, depending on your firm's overall credit quality you have a choice of either a full payout capital lease to own or perhaps you might want to consider an operating lease strategy.

Under this lease financing option you have use of the equipment, but no intention to own it at the end of the lease. We point out to business clients that this operating lease strategy generally has lower rates and a lower monthly payment, which is appealing to many clients that are striving to save cash flow and working capital for their daily operations.

The best advice we can give clients is to work with someone in this field who has credibility, trust and experience, and who can maximize the unique benefits of leasing that are important to your firm.

APPLICATION PROCESS FOR LEASE FINANCING

The application process for financing of heavy used equipment is relatively straight forward. Either on your own or with lease advisors assistance you should ensure you have a package that includes a basic credit application, your financial statements, and information on the owners of your firm, who in most cases will be asked to partially or fully be a co lessee on the lease application.

Depending on the nature of the equipment you are financing, and the amount an appraisal might be required, but that works in your favour, as you will have a clear understanding of the true value of your equipment that is being financed.

Financing can normally be approved in a matter of a day or two if you have all the information required, and rates vary with respect to your overall credit quality and the nature and amount of the asset being financed. Once you have obtained an acceptable offer then standard lease documents can be prepared and executed by your firm.

BENEFITS OF EQUIPMENT LEASING AND FINANCING HEAVY EQUIPMENT ASSETS

There are a number of benefits in growing your business via equipment loans and lease financing solutions,

Leasing allows you to leverage the benefits of acquiring new assets and conserving valuable cash resources at the same time. Assets you acquire to grow sales and profits are key to long term growth. The ability to finance assets at manageable monthly payments allows your firm to profit from this asset acquisition strategy.

Lease financing is flexibility 101. Leases are always tailored to your firms particular needs re monthly payment amounts, terms, purchase options, and addressing potential seasonality in your business.

Lease companies in Canada are committed to understanding the value of used assets and acquiring them on your behalf.

There are numerous tax and accounting benefits to financing used equipment - issues such as depreciation, expensing payments, spreading the tax component over the monthly payments and other business finance issues are addressed in the lease company solution

Acquiring assets with the help of leasing companies in Canada allows your business to understand your exact obligations re: payments, maintaining the equipment, adding on additional services such as maintenance, etc

Consider the lease financing options for all manner of new and used heavy equipment – it’s a great cash flow and working capital strategy for growth and profit through the use of assets. Seek out and speak to a trusted, credible and experienced Canadian business financing advisor to assist you with your equipment leasing needs.

Click here for the business finance track record of 7 Park Avenue Financial 

Stan Prokop 7 Park Avenue Financial/Copyright/2020