Leasing Advantages

There are numerous reasons that leasing may be the best option for you. Lower initial costs, improved cash flow, simplified budgeting, protection against inflation, retained capital for earnings, payment flexibility and conservation of bank credit lines are some of the advantages. Read more about leasing below and complete an online credit application or call us today at (800)222-6047.There are numerous reasons that leasing may be the best option for you. Lower initial costs, improved cash flow, simplified budgeting, protection against inflation, retained capital for earnings, payment flexibility and conservation of bank credit lines are some of the advantages. Read more about leasing below and complete an online credit application or call us today at (800)222-6047.

Tax Advantages

Lease payments are fully tax-deductible as operating expenses which come out of before-tax dollars, or current income, not from after-tax dollars. In many tax situations, it is more advantageous to deduct the full lease payment than to depreciate the vehicle value. Please contact your tax advisor.

Conservation of Bank Credit Lines

A lease offers an additional line of credit, conserving your valuable bank credit lines which should be reserved for working capital, short-term needs, and unbudgeted opportunities. Leasing offers off-balance sheet financing.

Leasing Protects Against Inflation

New and up-to-date equipment may be leased today and paid for with tomorrow's inflated, less valuable dollars.

Exclusive Ownership

Upon the payoff of the loan, the vehicle is yours to keep or trade-in on your next vehicle rather than turning in at the end of a lease.

Improves Cash Flow

Lease payments can provide a superior cash flow compared to loan payments, especially in the early years of equipment use.

Lower Initial Costs

Our leasing requires an initial investment generally of only a first lease payment in advance of 15% of the equipment cost. Most bank financing requires at least a 25-45% down payment or equity position in the equipment.

No Mileage Limitations

As you own the vehicle, there are no mileage limitations with a loan. With a lease, you may be limited to a fixed number of miles per year. Exceeding this limit will incur excess mileage charges, usually of 15 cents per mile adding additional cost to a lease.

Retains Capital For Earnings

Retaining capital by leasing allows full employment of capital for earnings. This can represent a savings over financing which may require a larger investment in the equipment.

Permits Payment Flexibility

Lease payments can be tailored to meet your cash flow needs even if the business is seasonal. Thus, your payments are timed for the use of the equipment when earnings are generated.

Simplifies Budgeting

Preparing and projecting a budget can be simplified as lease payments are known and fixed.

One Stop Financing

All your financing is handled by one source. Your finance specialist at Paramount Financial will handle all documentation.

Ease Of Application

Our lease plan offers a simple credit application asking only for pertinent information. No financials or tax returns are required on transactions less than $50,000.

Fast Response

We offer a 24-hour decision turnaround for your credit approval on most transactions.