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Now, LazyLiner2 with GREAT Financing Options:
Why should I let ACG finance my Equipment?
Why not pay cash – or simply get a loan?
Does this sound familiar? You have just made a complex decision to select the
equipment that will enhance the bottom line of your company. You analyzed a
bunch of presentations, read reams of literature, and did justification
computations into the night. You are ready to move forward if you can line up
the financing to do so. That’s not so hard, right?
If you think it was tough to decide to buy your new equipment, wait until you
try to sort out bank note agreements, lease contracts, cap reduction riders,
purchase options, capital leases, true leases, equipment finance agreements,
upgrade options and TRAC’s…and that doesn’t even count trying to compare prices
in an industry that elevates “game playing” to an art form.
We at ACG want to keep it simple, so you can make an informed decision that best
fits your situation.
You basically have three options:
- Pay Cash,
- Obtain a Loan from your Bank, or
- Let ACG finance it for you.
In all cases, you get full use of the equipment right away. The only
difference is how it affects your cash flow and how it is taxed. Since most
people do not fully understand the differences, we will look at the pros and
cons of each method of paying for your equipment.
- Cash – Pulling cash from your Working Capital reduces your cash reserves
in case of an unexpected emergency. It reduces your options on future
purchases by limiting what you have on hand, and the tax write-off can be
painfully slow.
- Bank Loan – If you have excellent credit, getting a loan is relatively
painless, but most of us do not have “A” credit. However, many banks will
not finance certain equipment, because it can not be collateralized. In many
cases, the bank may ask you to come up with a substantial down payment and /
or to put up personal property as collateral, such as your home. Some
charges can not be included in a Bank Loan, such as installation charges or
extra hardware costs. A loan adds debt to the Balance Sheet of your company,
thus limiting future ability to borrow. The documentation is extensive, and
the rate may be variable, where it could go up with fluctuations in markets
that you can not control. In addition, you may not be able to get as long a
term as you would like, resulting in higher monthly payments.
-
Finance with ACG – A Lease can give you 100% financing
with fixed terms and payments to fit your business cycles. It conserves your
Capital, and it is 100% tax deductible. Accounting for a Lease is very
simple – it is treated as a tax deductible business expense. Soft costs,
such as installation or transportation to your location can be included in
the lease. It creates a new source of credit for future purchases, and it is
easy to upgrade as it is needed. If you choose, you can purchase your
equipment at the end of the lease for as little as $1.00.
The final decision depends on your individual situation. However, we have
found that ACG is the best answer in most business situations. Click on the
link, above to enter our secure on-line application system, and we will get
the process started within one business day – typically within a few hours.
Click
here
to for secure on-line application
If you have questions, feel free to call R C Stewart at 800-830-0084 Ext
218.
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