Equipment Leasing

Midwest is dedicated to helping you find the right equipment for your shop. Equipment Leasing is an easy and economical way to get your business running on the latest equipment. That's why we've teamed up with Geneva Capital to offer you the best equipment financing options.

 

 

 

 

The Benefits of Leasing

 

 

LEASING IS FLEXIBLE   100% FINANCING
With leasing, you are able to customize a program to address your needs & requirements - cash flow, budget, transaction structure, cyclical fluctuations, etc. For example, some leases allow you to miss one or more payments without a penalty, an important feature for seasonal businesses.   There is very little money down with leasing - typically the first & last month's payment are due at the time of lease signing. Since a lease does not require a down payment, it is equivalent to 100% financing.
     
 LEASING IS FAST & CONVENIENT
   TAX BENEFITS
Leasing allows you to add equipment or upgrade equipment under similar terms. Leasing can also allow you to respond quickly to new opportunities with minimal documentation. Credit decisions are usually made same day.   The IRS does not consider an operating lease to be a purchase, but rather a tax-deductible overhead expense. Therefore, you can deduct the lease payments from your business income. Also, because lease payments are treated as expenses on a company's income statement, equipment does not have to be depreciated over five to seven years.
     
 IMPROVES CASH FLOW
   MANAGE OBSOLESCENCE
Lease payments are historically lower than loan payments, hence conserving cash for other uses. Also, by leasing equipment you know the amount & number of lease payments over the life of the leasing period, so you can accurately forecast cash requirements for your equipment.   A lease allows equipment to be returned to the lessor at the end of the lease term. You can then upgrade equipment without having to manage disposal & other ownership burdens. The risk of getting caught with obsolete equipment is lessened.
     
 BALANCE SHEET MANAGEMENT
   LEASING IS SMART
Because an operating lease is not considered a long-term debt or liability, it does not appear as debt on your balance sheet, thus making you more attractive to traditional lenders when you need them.   Eight out of ten companies lease some or all of their equipment, according to industry research. Why do they lease? Because the flexibility provided by leasing allows them to have the most effective operation possible. Companies that lease tend to be the most entrepreneurial & competitive.







 

Cost Calculator

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*This calculation is based on the information you entered & is for illustrative purposes only. Your individual payments will be based upon credit & equipment approval. Actual down payment & resulting monthly payments will vary. Check with your sales rep for exact monthly payments.