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How can I get Info about the I am looking for informatino
about the Equipment Leasing &
Finance industry. I want to
know what exactly is it. I
would like to know if there
are any industry magazines or
websites. thanks.
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As much as I hate to say it, check http://www.naelb.org/ (and get those sunglasses with mirrors on them so you can see behind you b/c your back will be stabbed. |
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Compare the advantages and I am a licensed General
Contractor. My business is
growing and I need equipment.
I am trying to decide whether
I should lease the equipment
or finance it to puirchase the
equipment.
Could someone tell me the
advantages and disadvantages
of the options and what do you
recommend?
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Linda, Leasing used to be more attractive, because you could write off 100% of the payments on your income taxes, where if you purchased equipment, you could only write off equipment payments where you paid less than $20,000. Since the tax law has changed, for equipment under $100,000, you can write if off regardless of whether you make lease payments or borrow money and make debt payments. So... decide which to do by: 1) where you can get financing 2) interest charges and fees 3) end of contract terms (in a lease you can own the equipment at the end for a buyout - you must factor this into the decision to determine which option offers the best overall terms and costs. Good Luck Dana B |
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trying to start a equipment looking for advise to start a
equipment leasing, commercial
finance firm. Where do i find
sources to work with
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National Association of Equipment Lease Brokers is a good start. naelb dot com. You will need to establish your business credit. This is tougher, but you can do it quickly at creditloader dot com. |
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I am looking for a financial The leasing revenue & COGS
model is very different than a
product or services business.
To a leasing company, revenue
is the periodic interest
income generated each month
over the term of the lease,
let's say at a rate of 15%.
The leasing company borrows
money at say 8% to buy the
equipment and match-fund the
equipment lease, let's say
through a term loan (recorded
on the balance sheet &
amortized to the P&L to match
the revenue stream). This is
not like revenue & COGS on a
product company P&L. Further,
the lessee may be required to
make a down payment and say
first & last month rents,
reducing the funding
requirement and accelerating
the cash flow back to the
leasing company & effectively
increasing the profitability
to the leasing company. Last
payment must also be deferred
on the balance sheet. From a
tax perspective the leasing
company also depreciates the
equipment asset.
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I would try Mirco soft web site see what they have for business. |
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Equipment Leasing and Who offers Equipment Leasing
and Equipment Financing in
Canada. I want to apply for an
Equipment Lease in Canada, but
would like to find a good
Canadian Leasing site!
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For my Equipment Leasing I use Rubix Financial Solutions. Their site is http://www.rubixfinancial.ca They have helped me with a few types of equipment leasing. |
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