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Equipment leasing is simply another form of financing.
The main difference between Leasing and traditional financing is that during the term of the Lease, the Leasing company (Lessor) owns the equipment with the intent that you (Lessee) will take title at the end of the Lease for a nominal amount.
The result is a transaction that allows you to borrow more money with longer payment terms and no down payment. In addition, there can be some very important tax advantages to you.
Leasing has become the preferred way to finance equipment and most major companies Lease all of their equipment, but Leasing is also available in amounts as small as $5,000.
Leasing covers virtually any type of equipment and equipment is defined as anything that is not permanently attached to real estate.
If you are in business it would be wise to investigate Leasing and CCLG would be glad to answer any questions that you may have.
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