FAQ
Leasing Overview
Frequently Asked Leasing Questions
Lease Structures Available
Lessee Benefits of an ELGA Equipment Lease
Nearly any capital asset can be acquired through a lease. The common thread in each of these benefits below is flexibility. Lease payments and terms may be structured based on a business's particular need. When leasing, businesses receive multiple benefits that traditional financing simply can't match:
- Leasing provides total financing – Generally, no down payments are required, and lessees pay no extraneous tax, delivery, warranty, or other miscellaneous costs; all costs associated with a purchase can be included in the lease, including delivery and installation
- Leasing conserves working capital – Leasing leaves lines of credit at other financial institutions free for cash-flow purposes, investments, unsecured loans, or unexpected emergencies
- Leasing overcomes budget limitations – Most companies are hampered by capital budget limitations from time to time; leasing allows a business to acquire new equipment with easily affordable rental payments
- Leasing provides security against equipment obsolescence – Upgrade and trade-in options can easily be added to a lease agreement; additionally, there are no risks of equipment ownership, and lessees will never be required to resell or remarket obsolete equipment
- Leasing can offer tax savings – When properly structured, monthly lease payments may be fully tax deductible as an operating expense; this savings results in a lower after-tax equipment cost—contact us to discuss tax advantages applicable to your specific situation
- Payments are a fixed cost – Monthly lease payments remain the same for the life of the lease, even if interest rates do not
- Leasing provides a faster return on investment – Revenues or savings created as a result of the equipment during the first month often will be in excess of the monthly lease payment, thereby providing an immediate return on investment
Eligible Equipment Types
ELGA leases a wide range of equipment used in business and industry. In addition to the equipment, lease transactions often include installation and other related costs (such as software) to provide you with one easy-to-manage monthly payment. You select the equipment and supplier; we provide the financing.
ELGA leases the following equipment types:
- Agricultural
- Aircraft
- Alternate Energy
- Automobile
- Broadcast
- Buses
- Cables
- Communications
- Computers
- Construction
- Dredges
- Electronic
- Emergency Vehicle
- Energy
- Furniture
- Gaming
- Graphic Arts
- Helicopter
- Industrial
- Intermodal
- Machine Tool
- Mailroom
- Marine
- Material Handling
- Medical
- Mining
- Office
- Point of Sales
- Printing
- Rail
- Recreation
- Recycling
- Restaurant
- Satellite
- Software
- Telecommunications
- Transportation
- Utility
- Video
- Waste Removal
- And much more
Apply for an ELGA Equipment Lease
The most affordable, convenient, and sensible way to acquire new equipment.
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