Industry – Page 2 – Jim Coxon – Equipment Lease and Finance

How to Choose the Right Equipment Leasing Company

When it comes to leasing equipment, it’s important to choose the right company. The wrong company can lead to costly mistakes and long-term problems. Here are some tips for choosing the right equipment leasing company.

Research: It’s important to do thorough research before selecting a leasing company. It’s important to read reviews, check references, and speak with other businesses that have used the company in the past.
Cost: It’s also important to compare costs between different companies. It’s important to understand the fees, payments, and other costs associated with leasing from each company.
Reputation: It’s important to consider the reputation of the company. It’s important to make sure that the company is reputable, has a good track record, and is trustworthy.
Terms: It’s important to understand the terms of the lease agreement. This includes understanding the penalties for late payments, the length of the lease, and any additional fees.
Flexibility: It’s important to consider the flexibility of the company. It’s important to understand if the payments can be changed or if the agreement can be terminated earlier than the agreed upon term.
Support: It’s also important to consider the customer support offered by the company. It’s important to make sure that the company is willing to answer questions and help resolve any issues that may arise.

By taking the time to research and compare different equipment leasing companies, it’s possible to find the right company that meets all of a business’s needs. By understanding the cost, terms, and customer support offered by each company, businesses can make an informed decision and select the right equipment leasing company.

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.

Financing Equipment: What to Know & Consider

When it comes to financing equipment for a business, there are a number of factors to consider. From the initial cost of the equipment to the long-term costs of upkeep, it’s important to understand the full scope of what financing equipment will entail. Here are some of the key things to think about before making a decision about financing equipment.

Cost: The first factor to consider is the cost of the equipment. It’s important to get a thorough understanding of the cost of the equipment, as well as any associated fees and taxes. Additionally, it’s important to factor in the cost of any necessary repairs and maintenance.
Financing Options: It’s important to understand the different financing options available. Depending on the type of equipment and the size of the business, there may be a variety of financing options available such as leasing, loans, and lines of credit. It’s important to understand the different options and determine which one is the most cost-effective.
Terms: It’s important to understand the terms of the financing agreement. This includes the payment, repayment terms, and any additional fees. It’s important to read and understand the terms of the agreement to ensure that the financing is affordable and the terms are fair.
Reputation: It’s important to research the reputation of the financing company before signing any agreement. It’s important to make sure that the company has a good track record and is reputable.
Flexibility: When financing equipment, it’s important to consider the flexibility of the financing agreement. It’s important to understand if the payments can be changed or if the agreement can be terminated earlier than the agreed upon term.
Budgeting: Financing equipment can help businesses manage their cash flow and budgeting. It’s important to understand how the monthly payments will affect the budget and if the payments can be adjusted if necessary.

Financing equipment can be a great way to acquire the equipment a business needs without having to make a large upfront investment. By understanding the cost of the equipment, the financing options available, and the terms of the financing agreement, businesses can make an informed decision and find a financing option that meets their needs.

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.

Can politics and equipment leasing coexist?

Politics can have an impact on leasing in a number of ways. For example:

Tax policies: Political decisions around tax policies can affect the tax benefits of leasing equipment. For example, changes in tax laws or regulations can alter the deductibility of lease payments, which can impact a business’s bottom line.
Economic policies: Economic policies such as interest rates, inflation and government spending can affect the overall economic environment, which can in turn impact the demand for leasing and the availability of credit.
Industry-specific regulations: Certain industries may be subject to additional regulations that affect leasing. For example, the transportation industry may be subject to regulations around emissions and fuel efficiency which can affect the type of equipment that can be leased.
Government incentives: Government incentives such as grants, subsidies and tax breaks can encourage businesses to invest in certain types of equipment and make leasing more attractive.
International trade policies: Policies around international trade can affect the cost of equipment and the availability of equipment from different countries. This can impact the cost of leasing and the types of equipment that are available to lease.

It’s important to note that the impact of politics on leasing can vary depending on the specific policies and regulations in place, as well as the industry in which a business operates. Businesses should stay informed about relevant political developments and consult with industry experts or legal counsel to understand how politics may affect their leasing decisions.

In summary, politics can affect leasing through tax policies, economic policies, industry-specific regulations, government incentives and international trade policies. Businesses should stay informed about relevant political developments and consult with industry experts or legal counsel to understand how politics may affect their leasing decisions.

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.

The truth about equipment leasing in uncertain times

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.

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.

The rise of equipment leasing in the fight against inflation

Leasing equipment can be beneficial during times of high inflation, as it allows businesses to acquire the equipment they need without having to make a large upfront investment. This can be especially important during periods of high inflation, when the cost of goods and services is rising rapidly. When a business leases equipment, it can avoid the risk of having to purchase equipment at a higher cost in the future.

Additionally, leasing equipment can provide more flexibility for businesses during times of high inflation, as leases can be structured to match the useful life of the equipment. This can allow businesses to upgrade or replace equipment more frequently, which can be important in industries where technology and trends are constantly evolving.

Leasing equipment can also provide tax benefits during times of high inflation, as lease payments can generally be written off as a business expense. This can help businesses to reduce their overall tax burden and improve their cash flow.

However, it is important to note that during high inflation, the costs of leases may also increase, especially if the leases are structured with variable payments tied to an index such as Consumer Price Index. It’s important to carefully evaluate the terms of the lease and the potential impact of inflation on lease payments before entering into a lease agreement.

In summary, leasing equipment can be beneficial during times of high inflation, as it allows businesses to acquire the equipment they need without having to make a large upfront investment, provides flexibility and tax benefits. However, it’s important to carefully evaluate the terms of the lease and the potential impact of inflation on lease payments before entering into a lease agreement.

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.