A lease provides greater value to clients who want to acquire items which have a long life and do not become obsolete after a short period of time. Usually items such as cars, plant equipment, office equipment, etc are leased.
No initial capital outlay is required as payments are on a monthly basis until the end of the term. This means you can benefit from the items usage, while having working capital saved up for a rainy day. At the end of the agreement you have the option of offering to purchase the goods at fair market value.
Preparing accurate budgets becomes easier because of the fixed monthly payments. Knowing exactly how much you will be paying each month makes it easier to plan, something not guaranteed by loans with variable rates.
If the item is being used solely for business purposes the monthly payments may be tax deductible*!
Not sure a lease is the right choice for you? Then please call Alliance to speak to one of our Relationship Managers, who will help you choose the finance option best suited to your needs.
Our service does not end at contract settlement, it only begins there. Alliance will deliver throughout contract and asset management phases of each contract. Call us and ask how Alliance e-finance can deliver true value to your business!
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*Disclaimer: The information contained on this page is intended only to provide a summary and general overview on matters of interest. The information is not intended to be comprehensive nor does it constitute legal or other professional advice. Before acting on any of the information contained on this page you should seek legal or other professional advice.