To Lease or Not to Lease?

Why Lease? Equipment financing can be a powerful financial tool to help you run and grow your business. Today, more than ever, successful businesses are using lease financing for their equipment purchases.  Take a look at the many reasons leasing is a great financing option and can help you get your business started. 

Control Over Your Money Leasing Bank Fixed rate – set monthly payment with flexibility to fit your budget Floating rates – interest rates change yearly, so payments can vary

Control Over Your Money Leasing Bank We only ask once. Financial statements are needed for the deal, and that is it (fixed rate) Banks ask every year. Financial statements are required each year to determine interest rate (floating rate)

Your Money Remains Available Leasing Bank Avoid costly down payments, 100% financing with zero down Bank is likely to want a down payment

Your Money Remains Available Leasing Bank Loans are typically tied to a General Security Agreement - the bank will own everything you own for the term of the transaction A General Security Agreement is rarely asked for - what you own remains yours

Skip payments from 3 - 12 months with credit approval Flexibility Skip payments from 3 - 12 months with credit approval Lease is a 100% write off within the term chosen   

Flexibility “Trade-Up” If you want the newer model of the equipment you are leasing, you trade in the old for the new and your lease will be adjusted.

Life Disability Damage Equipment Insurance Leasing Bank Life Disability Damage Life Disability Damage Damage insurance can protect you from unplanned costs. For example, if a digital sensor is damaged, replacement costs are: $5,000 to $10,000 if you own the equipment, or $500 (deductible) if you lease the equipment.

The Leasing Process

Why VPL? Owner John Varndell has 15 years as a dental representative and 15 years of leasing for the dental industry VPL has managed over 110 million dollars and 1000+ transactions Available 8am-8pm, 6 days a week Custom ROIs available A+ rating with the Better Business Bureau Quick turn around for approval ​​Our goal is your success  

VPL Can Help – Contact Us Today Whatever your financing needs or questions are, feel free to contact us. No need is too big or small. toll-free telephone 1.877.272.7424 website www.john-vpl.com email john.vpl@shaw.ca