Before you use your available cash or borrow to finance your next capital equipment purchase, think about a Full Service Lease from First Trucklease.
1). Cover all Equipment Costs
No need to obtain financing elsewhere.
2). Conserve Working Capital
Cash is not tied up in equipment. It is free for income producing investments.
3). Preserve Bank Lines
Credit remains available for other needs.
4). Save on Taxes
You save initially because leasing costs come out of before-tax dollars, not after-tax profits.
5). Simplify Account & Depreciation Records
Leasing costs are tax deductible.
6). Avoid Rapid Obsolescence
The most modern equipment is always available and updating is easy.
7). Fight Inflation
Lease costs remain the same, no matter how much interest rates change. You pay for today's needs with tomorrows dollars.
8). Keep Equity Intact
There is no need to issue stock or sell part of the company to raise necessary capital.
9). Expand, Replace Equipment Sooner
Since no capital investment is involved, expansion and replacement of equipment may happen more quickly.
You know exactly what your transportation costs will be, therefore making forecasting simple and easy.