Leasing Options

The following are a list of financial companies that can provide you with leasing options for your equipment.

Alliance Capital - AB

American Capital Leasing - CA

Beacon Funding - IL

CHD Leasing, Inc. - IL

Coast Financial Leasing - CA

Custom Leasing, Inc. - AR

Geneva Capital - MN

Omni Leasing - CO

    You may be unsure whether or not you want to lease a machine, so we have provided you with a few generic facts about leasing that might help you in your decision. Please be aware that the following is intended to be a helpful research tool and is not meant to be taken as legal advice. Each leasing company has their own set of criteria concerning the leasing of embroidery equipment and any other machines. If you need further details please contact the leasing company of your choice. EmbroideryTrader.com is not responsible for the methods of operations or any decisions made regarding leasing of any leasing company.

    Most people want to know why they should even consider leasing in the first place. There are a number of benefits to leasing equipment, but deciding if leasing is the best option for you and how to go about it are difficult decisions to make and should not be entered into lightly without fully understanding what is entailed in a leasing agreement. Here are some of the advantages to leasing and other tidbits of advice:

• When leasing, most people think that the more cash you put up front the better off you will be regarding the remaining lease payments on your machine. This is not always the case, especially if you are a brand new company. Liquidity is vital in the beginning stages for a company and in order to remain liquid you need to have cash ready and available and not tied up in equipment. Leasing may be able to give this needed flexibility because it allows you to keep your cash for when you need it.
  
  
• Some companies may allow you to finance the entire amount of your machine, which in turn can help you keep your cash flow or your credit for other business purchases.
  
  
• Compared to financing, leasing may give you lower monthly payments. This lower payment, in turn, can allow you to chose a higher quality machine, or the machine you most desire. Depending on who you lease with you may be able to chose either a fixed monthly payment or have more flexible payment plans. In addition to this, lease payments do not affect your credit lines with banks.
  
  
• Many times when people buy machines they do not consider the costs of shipping and setting it up. Some leasing companies will let you include these expenses in your lease.
  
  
• Beginning companies can also benefit from leasing. In many cases, other financial institutions might not consider financing a company unless it has been operating for a certain number of years. Some leasing companies do not take this into consideration.
  
  
• Also, depending on the leasing company and the lease agreement, you may be able to experience certain tax advantages. Some leases are geared so that the equipment can be written off and you get big tax deductions. Other leasing companies can let you write off your equipment up to a certain amount.

    Before you contact a leasing company, it is advised that you have all your questions ready to ask. You might also want to keep all of your leasing information and documents in a separate binder/folder. If you are still not sure, talk with others who have leased equipment and get their testimonial of the their leasing experience.