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Leasing

SW Consulting has access to several key leasing companies in Canada as a broker. These leasing companies offer SW Consulting a full range of leasing services for equipment financing. Vendor packages can be tailored for your company or a simple equipment acquisition processed with a customer-first focus.

Who is this service for?

When purchasing new buildings or equipment, a business generally has three options: buy it outright with cash, obtain a bank loan or line of credit to purchase the equipment, or lease it. When talking about computer equipment, it is common knowledge that it will be virtually obsolete within 5 years.

Is there really any benefit to owning that, and thus having to dispose of it, at the end of its useful lifetime?

"According to the Equipment Leasing Association (ELA), eight out of 10 U.S. companies lease their equipment. These businesses, which range from start-ups to Fortune 500 companies, recognize that the real value of equipment comes from using it, [not] owning it."

- Michael J. Fleming

How does it work?

There are two differnt methods in which you can acquire equipment through leasing:
  1. You can select the equipment through a vendor or a manufacturer that offers leasing through its own subsidiary or a third-party financier, which is often less cost effective.
  2. You can select and order the equipment and then seek financing through a lessor. SW Consulting would represent you in order to find the best package.

By signing the lease, you assign purchase rights to the lessor, who already owns or who then buys the equipment as specified by you. When the equipment is delivered, you formally accept it and ensure it meets all specifications. The lessor pays for the equipment, and the lease takes effect.

 

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