YOUR COMPANY IS LOOKING TO FINANCE NEW & USED FIXED ASSETS & TECHNOLOGY
EQUIPMENT FINANCE LEASE SOLUTIONS FOR COMPUTERS / SOFTWARE
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 - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop7parkavenuefinancial.com
LEASING BUSINESS EQUIPMENT IN CANADA
Asset Finance challenges for Canadian business owners/financial managers bring a whole new meaning to the term 'friends with benefits.
Your company and others are searching for solid help when it comes to helping where it's needed most - acquiring expensive assets and technologies such as computers and software for your business. Those capital expenditures to stay current can add up! Let's dig in.
MAKE LEASE FINANCING FOR YOUR ASSETS WORK FOR YOU!
We maintain to clients that you need to understand their choices when making lease finance work for you; it shouldn't be a ' forced ' solution.
WHY DO COMPANIES LEASE RATHER THAN BUY?
The whole area of tech lease finance gives one a positive outlook that you at least have a chance of :
Beating the high price of technology,
Eliminating the fear of obsolescence - Staying current and refreshing Information technology within budgets & cash flow constraints
That constant looking over your shoulder ( via the internet ?) at what your competitors are doing!
Taking on debt via long-term loans is clearly not the optimal solution for most businesses looking for SME COMMERCIAL FINANCE solutions... Fundamentally, whether they admit it or not, most Canadian business owners and financial managers want to acquire the best asset without burning through those valuable credit lines and other accesses to capital. In some cases, they don't even have the credit lines to draw down on.
Products and services that can be financed include copiers and printers, managed print services, networking, cloud and digital services, and advanced hardware and telecom solutions for a connected workforce.
SOFTWARE FINANCING IN CANADA
The good news for Canadian business is that the whole spectrum of technology is, in fact, financeable, and, as we've noted, that includes software, which is a surprise to some. Software is typically financed as a full lease-to-own scenario, that is known as a capital lease or finance lease - the terms are interchangeable.
So the key benefit quite often is simply the fact that you are matching the benefits of the software with the cash outflows of a lease finance scenario. At the end of the lease, you own the software or the asset. Of course, in software terms, you own the right to use the software. That is spelled out in the terms of the lease in software transactions.
DO YOU NEED A LEASE VERSUS BUY SCENARIO?
We're making the assumption here that the business owner, CIO, or financial manager has done what most refer to as a 'lease vs. buy scenario. Here, the business person considers the asset's life, all the software licenses and support they will need for the asset, and the outcome regarding disposition of the asset. For more info from 7 Park Avenue Financial on the lease vs buy decision click here.
THIS JUST IN - IT'S A SHOCKER! - Computers don't last and hold their value! Many industry experts and industry analysts such as Gartner Group actually estimate that you'll have another 25,000.00 of costs associated with acquiring, for example, $ 100,000.00 of new technology. It's clearly not always about just the lease monthly payments and interest rates.
LEASE FINANCE CHOICES INCLUDE CAPITAL LEASES AND OPERATING LEASES - DO YOU WANT TO USE TECHNOLOGY OR DO YOU WANT TO OWN TECHNOLOGY!
With all the competition in lease financing today, approvals come faster, and both small and larger transactions can be efficiently financed. That makes conserving cash easier and has made financing assets the 'go-to' solution for asset/tech finance needs when it comes to the balance sheet and your capital budget.
Don't also forget that you have a choice of leasing assets to own or ' renting ' them via an operating lease strategy from a leasing company. In the operating lease strategy, you have an option to purchase the equipment for ' fair market value ' at lease term. The decision for acquiring equipment at the end of leases is one that allows businesses to assess new or future needs, especially when it relates to purchase price acquisitions of a higher dollar value.
Lease terms on assets financed can range anywhere from 2-7 yrs. Maintenance costs and service agreements can be bundled into your lease transaction. It's critical to know your anticipated use and the final value of assets you are financing - that’s when the ' sizzle ' of lease finance appeal makes most sense re convenience, speed, cash flow conservation, etc.
CONCLUSION - EQUIPMENT LEASE FINANCE / LEASING TECHNOLOGY EQUIPMENT
Any decision to purchase the equipment for technology is usually a big decision for small businesses in Canada. Speak to 7 Park Avenue Financial, a trusted, credible, and experienced Canadian business financing advisor who can assist you with a reboot of your tech and software financing needs when leasing equipment in Canada via innovative technology equipment leasing options tailored to your needs.
FAQ: FREQUENTLY ASKED QUESTIONS
WHAT IS TECHNOLOGY LEASING?
Technology equipment leasing companies allow companies to achieve flexible funding around technology needs to better allow for managing costs via different leasing technology solutions such as finance leases, rentals, or operating leases. The ability to rotate technology in a competitive environment is key to long-term business success in competitive industries where hardware life cycles count!
WHY DO COMPANIES LEASE BUSINESS EQUIPMENT?
- Payments are customized to meet a companies budget constraints
- Conserves existing credit facilities a company has in place for better return on investment
- Allows firms to use business credit for long term goals
- Conserves day to day cash needs
- Allows firms to spread technology costs over a long period to time-matched to the use of the asset
- Lower cost of ownership if firms are upgrading assets
Click here for the business finance track record of 7 Park Avenue Financial
