Equipment Leasing | RPMGonline

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Feb. 8, 2015 - PRLog -- Equipment Leasing RPMGonline

Leasing is also used as a form of financing to acquire equipment for use and purchase. Many organizations and companies use lease financing for the acquisition and use of many types of equipment, including manufacturing and mining machinery, vessels and containers, construction and off-road equipment, medical technology and equipment, agricultural equipment, aircraft, rail cars and rolling stock, trucks and transportation equipment, business, retail and office equipment, IT equipment and software.  For quick and easy equipment leasing RPMGonline is a great source.

Lease financing for equipment is generally provided by banks, captives and independent finance companies.

Leasing instead of buying equipment is a good way to keep equipment costs down. These days, just about anything can be leased.  From computers and heavy machinery to dentist’s equipment to precision machinery to entire offices, leasing is available. The kind of business you're in and the type of equipment you're considering are key factors in deciding whether to lease or buy. If you're just starting out and only need one computer, for example, it probably makes more sense to buy. Conversely, if you're opening an office that will have several employees and require a dozen computers, you may want to look into leasing.

According to the Equipment Leasing Association of America, approximately 80 percent of U.S. companies lease some or all of their equipment, and there are some thousands of equipment-leasing firms nationwide catering to that demand.

Leasing advantages can include:

·         Making lower monthly payments than you'd have with a loan.

·         Getting a fixed financing rate instead of a floating rate.

·         Benefiting from tax advantages, conserving working capital and avoiding cash-devouring down payment.

·         Gaining immediate access to the most up-to-date business tools. The equipment also shows up on your income statement as a lease expense rather than a purchase. If you purchase it, your balance sheet becomes less liquid.

If you decide to lease, be sure you get a closed-end lease without a balloon payment at the end. With a closed-end lease, nothing is owed when the lease period ends. When the lease period terminates, you just turn the equipment in and walk away. With an open-end lease, it's not that simple. If you turn in the equipment at the end of the lease and it is worth less than the value established in the contract, you will be responsible for paying the difference.  If you do consider an open-end lease, make sure you're not open to additional charges such as wear and tear.

For equiment leasing RPMGonline makes it easy and fast.

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Tags:Equipment Leasing, Business Loans, Online Marketing, Commercial Loans, Small Business Loans
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Page Updated Last on: May 03, 2015
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