During uncertain times, such as economic downturns or periods of high volatility, leasing equipment can be a valuable option for businesses. It allows them to acquire the equipment they need without making a large upfront investment, which can help to preserve their capital and improve their cash flow.
Leasing equipment can also provide more flexibility during uncertain times, as leases can be structured to match the useful life of the equipment. This allows businesses to upgrade or replace equipment more frequently, which can be important in industries where technology and trends are constantly evolving.
Additionally, leasing equipment can provide a predictable and flexible way to manage costs, as lease payments are typically fixed, businesses can budget and plan for future expenses more effectively.
Furthermore, leasing equipment can provide a way to acquire equipment without taking on debt, which can be especially important during uncertain times when access to credit may be limited.
However, it’s important for businesses to carefully evaluate the terms of the lease and the potential impact of uncertain times on lease payments before entering into a lease agreement. It’s also important to work with a reputable leasing company that has a good track record and can provide the support needed throughout the leasing process.
In summary, leasing equipment can be a valuable option for businesses during uncertain times. It allows them to acquire the equipment they need without making a large upfront investment, provides more flexibility, predictable and flexible way to manage costs and a way to acquire equipment without taking on debt. Businesses should carefully evaluate the terms of the lease and the potential impact of uncertain times on lease payments before entering into a lease agreement and work with a reputable leasing company.
Because I specialize in equipment and software financing between $1k – $1mil, it’s important that I move rapidly. And with the help of my team, I’m able to move deals from application to funding within hours.
And not just for well-established companies, I close quickly on start-ups and sole props as well.
I work hard every day, rarely take a day off, and ALWAYS return calls. And with my decade-plus of experience in finance, I know how to work a deal. Call me and find out for yourself.
Jim Coxon - Equipment Lease and Finance 