Any company or business that utilizes equipment for business or commercial use is eligible to lease. OmniData Services goes beyond just putting its professional skills to work locating your equipment because there are definite economic advantages to Leasing. Consider whether this option might benefit your business.
Banks may require as much as 20% down on equipment purchases, while Leasing covers 100% of the equipment cost. In most cases, that can include the cost for freight, installation, and required software.
Leasing offers potential tax advantages of depreciation and interest expense with the $1.00 lease or, you may expense the monthly payment with a Fair Market Value (FMV) lease. Consult your tax advisor to determine the best option for your business.
Equipment leasing can ease the strain on working capital. You retain available lines of credit at other financial institutions for emergency needs, current cash flow purposes, investments, and other profit generating activities. Lease payments can be structured into longer terms and lower payments to fit your budget.
Unlike bank lines of credit with variable rates, Lease payments are locked in. This helps with planning for other financial requirements.
What affects your rate?
We have found that LeaseStation Financial Services is operationally in tune with our business standards of quality and customer service, with emphasis on accuracy, dependability, and efficiency, helping to identify your financial requirements, and then assisting you in selecting the best solutions.
Note: OmniData Services does not benefit from any documentation and filing fees that are usually applied to the processing of lease documents. Such costs are strictly leasing company functions. Sales taxes are charged separately and added to your monthly lease payment each month. First and last lease payments are typically required up-front, but these are applied to your total lease payments. Equipment leasing options are only available for new products purchased through OmniData Services via distribution channels