Enjoy all the profit-generating benefits and convenience of having your own equipment without the headaches of asset depreciation. This is an ideal financing option for companies looking to increase liquidity and better manage cash flow.
Equipment leasing allows you to bring in the equipment and technology your business requires without expending your working capital or business credit line.
Here at ETHOZ, we understand how equipping your business with the right equipment can help increase productivity, improve efficiency and make a dramatic improvement to your bottom line. Apart from that, equipment and technology are extensions of your company’s brand that plays an important role in how your company is perceived by your customers and prospects.
Therefore, allow us to show you some benefits you can enjoy with an affordable equipment leasing programme before you decide on spending a large sum of cash on an equipment purchase.
Not certain if equipment leasing is better than purchasing business equipment outright? It all depends on your company business structure, if you own a small or medium-sized business and want to acquire new equipment, it’s important to know some of the key advantages of equipment leasing to guide you in making the best decision for your business’ needs.
Equipment financing saves your working capital that would otherwise be used if you were to make cash payment for your equipment. Our equipment leasing programme is designed around your specific equipment needs and budget that allows you to make affordable monthly payments over time. Thus, allowing you to save your money for business expenses, expansion and more.
Based on the type of business you own, equipment leasing could actually help you stay on top of the latest advances in equipment and technology. You will have the flexibility to make upgrades to newer equipment when your short-term lease is up to give your company a competitive edge. This advantage will not be possible if you choose to buy equipment, as you are stuck with the equipment till you sell it. So, if your business uses equipment that is periodically updated with better technology and capabilities, leasing might be the best option.
Equipment leasing is one of the ways you could leverage on to attain a more attractive balance sheet. As your monthly lease payment is viewed as a business expense instead of a liability or long-term debt, having little or no debt on your company’s financial statements is a huge advantage when it comes to secure business funding.
Company A is an architecture company that deals with design development. Their existing PC and laptops specification can no longer meet most of the latest software requirement and struggle to handle heavy-duty graphic rendering – basically reaching the end of their useful life. They are looking at acquiring 50 brand new laptops for its employees in bid to improve their productivity as well as gaining the additional competitive edge.
The owners of Company A approached ETHOZ Capital for financing solution as they are reluctant to pay $100,000 upfront to upgrade all the laptops. ETHOZ recommended Company A to consider Equipment Lease programme to fund these laptop upgrades.
Upon agreement, ETHOZ quickly process their application. The whole process is quick and hassle-free. Thus, Company A is able to proceed with their laptop upgrade almost immediately – increasing their employees’ productivity.
ETHOZ has provided Company A the following terms:
Interest Rate : 0% for 2 years
Monthly Repayment : $4,166.67 x 24 months
In this example, Company A does not have to fork out $100,000 upfront to buy the 50 laptops. Instead, Company A only pays $4,166.67 per month through the Equipment Lease programme and frees up its cash for other uses.
* Disclaimer: Example above is merely shown for illustration purpose to better allow readers to understand the uses of each financing solution. Figures and interest rates listed above are not representative; it may differ based on each company’s requirements and management’s approval. Additional terms and conditions may also apply based on the credit assessment and evaluation conducted during application. ETHOZ Capital Ltd and its employees make no representation or warranty, whether expressed or implied, and accept no responsibility for the completeness or accuracy of the computation.
Stay ahead of your competition by upgrading to new technology with timely IT assets refreshment. Tailored to individual needs and requirements, our 0% interest PC/Laptop Leasing Scheme helps you stretch your budget and preserve cash for operational use. Our financing solutions had helped many professionals like you to:
• Improve cash flow
• Enhance financial budgeting
• Seize expansion opportunities
Not sure how this works for your company? Talk to our Relationship Managers at 6654 7799 or email us to find out more!