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Why invest your hard earned cash in depreciating assets? First Choice Systems Finance provide solutions that spread payments for these assets over the its useful life instead using valuable working capital.Reduce purchasing delays awaiting capital budget approval.
Most lease payments can be treated as an operating expense so you don’t have to go through a potentially time-consuming capital expenditure approval process.
Generate larger individual sales.
Leasing is a major sales tool in many industries. However, many users are not aware they can lease software and so don’t ask even when it could be very helpful. When the need is there, but the finance for total implementation is not, a lease can serve as a means to making the deal achievable. And include multi-year maintenance in the lease.
Improve ROA and ROI measurements.
Off-balance sheet financing (the lease is in the operating budget) and level payments tend to improve ROA and ROI measurements and other key financial ratios.
Obtain a new source of funds.
Leasing often unlocks additional funding sources which look at the asset leased and so often does not affect the availability of your bank lines.
Retain your capital.
Leasing providers normally offer 100% financing so there is no down payment and you preserve your working capital.
Fixed rate financing.
Financing at current rates means you are not adversely affected by higher interest rates in the future (but you don’t get the benefit of future decreases).
Obtain the flexibility of customised payment.
You can obtain a variety of payment plans based over one to seven years with level payments easily tailored to specific budget or cash flow needs. You can even get a lease where you vary the payments with your future business requirements.
Easy to subsequently add or upgrade licenses, equipment, and consulting.
Leasing agreements can be varied to allow for equipment upgrades and add-ons to the original agreement.
Tom Jordan, Managing Director, Acknowledgement