Leasing
Thinking of buying? Check out leasing first! It's a smart way to obtain assets for your business.
Business leasing through 1st Source is a financial alternative that helps you conserve cash and use your working capital for higher-return investments.
In today's market, nearly everything can be leased – from production machinery and medical equipment to computer systems and company vehicles. Leasing rather than purchasing equipment for your business may be your best financing choice.
Before you make your next equipment purchase, talk with us. We’ll help you choose the business leasing option that’s best for you.
Leasing Help
Yes, with little or no upfront costs.
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Yes. Installation and freight charges as well as taxes can be covered in your lease and amortized over its life.
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Leasing terms range from two to five years. Depending on the equipment and your cash flow, a lease can be structured to meet your financial needs.
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As the lessee, you will be responsible for maintaining the equipment, providing the proper insurance and paying any taxes not included in your lease.
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Suppose you take the cash that you will use to purchase the equipment and reinvest it in the business. You could use it to advertise, purchase inventory, or to train or hire employees. Your return on your investment could be as high as 20-25%.
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