Equilease’s simple and efficient leasing process will help you quickly acquire the equipment your business needs in order to function. Whether you have an established business or a start-up, new equipment can help increase revenue. Leasing your new or used equipment can improve cash flow resulting in a much more effective operation.

Leasing your equipment with Equilease offers the following advantages:

Accounting & Tax Advantages

  • Equipment lease payments can be deducted as business expenses, reducing the net cost of your lease. Most leases will even allow you to write-off the full payment.
  • You may expense lease payments instead of depreciating them as a capital cost. Debt to Equity ratios are also unaffected because the equipment is kept off of the balance sheet.
  • With purchasing or financing the federal and provincial sales taxes must be paid upfront, but with leasing the sales tax is spread over the term of your lease.
  • Leases typically do not require a down payment, 100% of the purchase price is financed. 
  • Preserve your capital and bank line of credit for day-to-day operating expenses and unforeseen emergencies.
  • Make small monthly payments rather than take a loan or have a large cash outlay.

Flexible Payment Terms

  • Payments can be arranged according to your expected seasonal earnings.
  • Control the turnover and cost of your equipment.

Variety of Leasing Options

  • We offer more than 8 leasing options which can be customized by our expert equipment leasing advisors to meet your growth and profit objectives.
  • Upgrade equipment by returning it and trading-up.
  • Obtain the use of a piece of equipment for short term contracts.
  • Maintain your competitive edge and not be left owning unused equipment at the end of a job or contract.
  • Protection from equipment devaluation or obsolescence.

Higher Rates of Approval

  • We are in a position to approve most leases in as little as 15 minutes. Banks often take days, even weeks to respond to your request.
  • Leases are often easier to obtain and have more flexible terms than loans, making it the perfect option for those that have credit issues.
  • Quickly acquire new equipment as it is needed.