Answer
Equipment leasing =) Equipment Leasing is an excellent way to grow your business without significant out of pocket expenses. Leasing offers real advantages including better value, more convenience and greater control. In most cases, the full amount of the equipment, as well as the service, shipping, installation costs and maintenance can be included in the lease. This spreads the cost out evenly over the term of the lease freeing up your money to work harder for you. Currently, 35% of all equipment is leased.
Types of Equipment Leases
The two primary types of leases are:
1) operating leases -) Operating leases are characterized by short-term, cancelable terms, and the lessor bears the risk of obsolescence. These leases are generally preferable when the company needing the equipment needs it only for a short period of time. Under the usual terms of such agreements, a lessee can usually cancel an operating lease, assuming prior notice, without a major penalty.
2) long-term leases -) Long-term, noncancelable leases, which are also known as capital, full payout, or financial leases, are sources of financing for assets the lessee company wants to acquire and use for longer periods of time.
Most financial leases are net leases, meaning that the lessee is responsible for maintaining and insuring the asset and paying all property taxes, if applicable. Financial leases are often used by businesses for expensive capital equipment.
Elements of Equipment Leasing
1.Duration of the lease
2.Total rate or lease payment due the lessor
3.Specific financial terms (date of the month that payment is due, penalties for late payment, etc.)
4.Residual values and purchase options
5.Market value of equipment (necessary for insurance purposes in the event of lost or damaged equipment)
6.Tax responsibility
7.Equipment updating or cancellation provisions
8.Lessee renewal options
9.Penalties for early cancellation without good cause
10.Miscellaneous options (security deposits, warranties)
Sunday, April 5, 2009
What is equipment lease? What are its essential elements?
Subscribe to:
Post Comments (Atom)
Amerifund Leasing offers financing for commercial equipment leasing of office furniture, computers, medical, restaurant and heavy machinery,Arizona.
ReplyDeleteHow Lemeridian funding service grant me a loan!!!
ReplyDeleteHello everyone, I'm Lea Paige Matteo from Zurich Switzerland and want to use this medium to express gratitude to lemeridian funding service for fulfilling his promise by granting me a loan, I was stuck in a financial situation and needed to refinance and pay my bills as well as start up a Business. I tried seeking for loans from various loan firms both private and corporate organisations but never succeeded and most banks declined my credit request. But as God would have it, I was introduced by a friend named Lisa Rice to Le_meridian funding service and undergone the due process of obtaining a loan from the company, to my greatest surprise within 48hrs just like my friend Lisa, I was also granted a loan of $216,000.00 So my advise to everyone who desires a loan, "if you must contact any firm with reference to securing a loan online with low interest rate of 1.9% and better repayment plans/schedule, please contact Le_meridian funding service. Besides, he doesn't know that am doing this but due to the joy in me, I'm so happy and wish to let people know more about this great company whom truly give out loans, it is my prayer that GOD should bless them more as they put smiles on peoples faces. You can contact them via email on {lfdsloans@lemeridianfds.com Or lfdsloans@outlook.com} or Text through Whatsapp +1-989 394 3740.
House cleaning services can be a great help to busy people. When you don't have the time to clean your house yourself, a professional house cleaning service can take care of everything for you. They will come to your home, clean everything, and leave it smelling great. They will also do any necessary repairs or updates that need to be done. house cleaning services app
ReplyDelete