There are many reasons why leasing is a great financing option. Some of the benefits of leasing are:
- Conserve Cash Leasing – Conserve Cash Leasing allows you to conserve cash and leverage up the buying power of your operating or capital budgets, thereby overcoming budget limitations. A $30,000 annual equipment budget is leveraged up considerably through leasing.
- 100% Financing – Unlike most traditional financing, in most cases, you do not make any down payment on the structure.
- No Pre-Payment of Taxes – You pay GST and PST on rentals. You DO NOT prepay the total taxes on the equipment in full upfront.
- Preserve Lines of Credit – Valuable cash and lines of credit are preserved to grow your business. No one in business experiences financial difficulty because they have too much cash.
- Potential Income Tax Benefits – In many instances, leasing provides income tax benefits and the assets do not appear on the balance sheet. Debt to Equity ratios are unaffected.
- Pay as You Profit – You establish equipment costs in today’s dollars, and pay these costs incrementally in inflated future dollars, as the equipment is used. You can add extra equipment and accessories for very small monthly costs.
- Match Revenue with Expenditures – You can match revenues with expenditures by paying for the equipment while it is used to generate revenue or protect profits.
- Simple, Convenient Process – The process is simple and convenient. You achieve ‘one-stop’ shopping for the equipment and financing. Credit approval and lease documentation are uncomplicated and can be completed very quickly.
- Tailored Payments – Repayment can be tailored to your cash flow. Budgeting is simple.
Step One: Provide Credit Information
Complete our Rondex credit application form online, if additional information is required you will be contacted by one of our leasing consultants.
Step Two: Approval
Rondex will process the application quickly and get back to you as soon as possible. Approvals can be issued on lease amounts of $30,000 and under within 15 minutes of your submission. For amounts over $30,000, it can take 24 hours or more to render a decision on your application.
Step Three: Lease Execution
Upon approval, Rondex will e-mail, fax or courier your lease documents for signature. Upon receipt of an executable lease package, a purchase order will be issued so that the order is placed or released to you and the supplier within 24 hours.
Brands that Rondex Leases