Construction companies are no strangers to using huge pieces of equipment. Figuring out the best way to finance machinery is part of the overall workings of these companies.
If you look at the overall picture of your company, you might decide that lease-to-purchase may be the right option for you. The bottom line is running your business in the most cost-efficient way possible.
“New” May Not Be A Gold-Paved Road
Smaller companies may be hard-pressed to be in a position to buy new equipment and financing new purchases may not be an option for you right now. Larger outfits need many pieces, so they too may opt to lease or rent.
Things To Ponder
How Much Available Cash You Have — Your bank account needs to be pretty healthy to purchase new equipment. And if you’ve got most of your capital tied down in new equipment, you may run into cash flow problems in the future. When you purchase equipment, you’ll have to lay down a lot of cash for a down payment. If you choose to lease, you more than likely won’t need a down payment and you will probably be able to negotiate a payment option to fit your particular needs.
More Flexibility In Leasing. It’s more than likely your company is involved in more than one project at a time and will only need certain pieces of equipment for certain jobs. When leasing, you’ll be able to pick the term that’s right for your jobs and for your budget. You may also be able to do a “trade-up” on the equipment. For instance, if the term is half done and the leased piece is no longer required, you may be able to lease a different piece.
Leasing Options To Consider:
These are all options you might want to discuss in detail with your loan provider. Whether you need an excavator, a backhoe or any other large piece of equipment.
Apply for a truck loan with Zion Finance - Lend Up below.
Do you need a Truck Loan? Apply for a truck loan online with us. We can help you with a genuine loan to buy a new or used heavy duty trucks, trailers and construction equipment. We also lend personal loans, auto loans, debt consolidation loans, home loans, mortgage loans, agricultural loans, small business loan and commercial business loans. Amount ranges from $3000 to $20 million. Repayment period is between 6 months to 25 years. We offer secured and Unsecured loans. Even without a collateral, we can still provide you a good loan. To apply contact our e-mail: zionfinance01@gmail.com
To get more information, Email: zionfinance01@gmail.com
If you look at the overall picture of your company, you might decide that lease-to-purchase may be the right option for you. The bottom line is running your business in the most cost-efficient way possible.
“New” May Not Be A Gold-Paved Road
Smaller companies may be hard-pressed to be in a position to buy new equipment and financing new purchases may not be an option for you right now. Larger outfits need many pieces, so they too may opt to lease or rent.
Things To Ponder
How Much Available Cash You Have — Your bank account needs to be pretty healthy to purchase new equipment. And if you’ve got most of your capital tied down in new equipment, you may run into cash flow problems in the future. When you purchase equipment, you’ll have to lay down a lot of cash for a down payment. If you choose to lease, you more than likely won’t need a down payment and you will probably be able to negotiate a payment option to fit your particular needs.
More Flexibility In Leasing. It’s more than likely your company is involved in more than one project at a time and will only need certain pieces of equipment for certain jobs. When leasing, you’ll be able to pick the term that’s right for your jobs and for your budget. You may also be able to do a “trade-up” on the equipment. For instance, if the term is half done and the leased piece is no longer required, you may be able to lease a different piece.
Leasing Options To Consider:
- Fair market value lease: basically, this is return, renew or purchase;
- Dollar buyout lease: you can purchase the equipment with small payments;
- Wrap lease: combining several lease payments into one;
- Sale leaseback: Selling your new equipment to another company who initially leases it from you.
These are all options you might want to discuss in detail with your loan provider. Whether you need an excavator, a backhoe or any other large piece of equipment.
Apply for a truck loan with Zion Finance - Lend Up below.
Do you need a Truck Loan? Apply for a truck loan online with us. We can help you with a genuine loan to buy a new or used heavy duty trucks, trailers and construction equipment. We also lend personal loans, auto loans, debt consolidation loans, home loans, mortgage loans, agricultural loans, small business loan and commercial business loans. Amount ranges from $3000 to $20 million. Repayment period is between 6 months to 25 years. We offer secured and Unsecured loans. Even without a collateral, we can still provide you a good loan. To apply contact our e-mail: zionfinance01@gmail.com
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To get more information, Email: zionfinance01@gmail.com
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