What are typical lease terms?

Lease terms typically range from 12-60 Months.  The most common lease terms are 36-60 months.

Can I lease to own?

Yes.  About 95% of Geneva Capital's clients select a "lease-to-own" plan.

Are there tax advantages to leasing

Yes.  In fact, one of the most appealing reasons businesses lease new equipment is because the IRS does not consider an operating lease to be a purchase; rather it is a tax-deductible overhead expense.  Therefore, you can deduct the lease payments from your business income.

Does leasing require a significant down payment?

No.  Generally speaking, leasing requires little to no down payment.  While the first and last month's payments may be required, leasing is almost identical to 100% financing.

How does leasing affect my cash flow?

You'll find leasing has a positive impact on your cash flow because you're not paying for the equipment in one lump sum.  By tailoring a custom lease, business owner can conserve cash allowing them to focus on growing their businesses.  Leasing also allows you to forecast cash requirements more accurately as you know the amount and number of lease payments you will owe over the lease period.

Can I lease more equipment while I have an existing lease?

Yes.  Leasing opens the door for faster response to new business opportunities.  Many leasing companies can approve an application for new equipment in a matter of a few days.  This allows you and/or your company to react quickly to a new opportunity before your competitors can.

How does leasing look to other lenders?

Leasing can actually help you to look more attractive to traditional lenders when you need them.  Operating leases are not considered a long-term debt or liability on your balance sheet, making you look more stable to lenders.  Leases are also not reported to consumer credit bureaus.

Is leasing flexible?

Absolutely. Lessors offer flexible terms, allowing you to customize your lease to a program which fits your needs and requirements- cash flow, budget, transaction structure, cyclical fluctuations, etc.

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