If you’re ready to improve your operation by replacing old equipment, whether it’s upgrading with something second hand or buying brand new, leasing is an option that you may want to consider.
We partner with Concentra Bank to offer payment solutions for equipment, machinery, grain bins, portable buildings, metal frame structures and just about anything else your farm could need.
Benefits of leasing
- cash flow advantages.
- finance as much as 100% of the price for your purchase. Traditional term loans, on the other hand, usually only allow you to borrow up to 75% of the purchase price.
- lower payments due to end of term residual value.
- Off balance sheet lending doesn’t interfere with established credit.
- Taxes aren’t paid in advance, but rather on each rental payment during the term of the lease.
- Access to the latest equipment and technology to enhance productivity.
- Potential tax savings.
If you’re looking to learn more about our leasing options, give our Contact Centre a call at 1.866.863.6237.