Does your ability to deal with a leasing company empower your asset finance needs? We checked out ‘ empowerment’ in the dictionary and its all about giving ‘ power and authority ‘. Your ability to master dealing with and recognizing the benefits of the right leasing company and solution clearly put you in empowerment mode. Let’s explain!

At the heart of leasing finance is its ability to be both straightforward, yet creative when it comes to financing assets your business needs, or needs to replace! We constantly hear the term ‘ win / win ‘ in business and nothing embodies that more that your ability to properly finance assets.

Lease finance in effect empowers you to have greater control over a number of key aspects of your business – they include cash outflows, balance sheet and income statement consequences, and the ability to profit using assets acquired under the lease. Some of those assets might in fact be needed in the normal course; some allow you gain a competitive edge over the competition.

When Canadian business owners and managers acquire assets from major manufacturers they are often pleasantly surprise to find out that these corporations have independent finance related companies that are incented to move product. That’s to your benefit of course, and taking advantage of their financing options is a clear example of empowerment.

What are some of those finance options? They might include staggered cash flows, low or no down payments. Operating leases with greater flexibility at end of term, etc. And on it goes.

Quite frankly we can’t think of one other form of business financing that allows you to gain a certain level of control over technology, financial statement presentation, cash flow management, as well as the opportunity to match the economic life of certain business assets to your own firms financial condition.

Feeling locked or trapped in, in any form of business is not a great feeling. A leasing company allows you to manage the concept of upgrading, whether that be on the shop floor or in the computer room. We’re constantly told we are living in a ‘ knowledge based ‘ environment , so just managing tech assets such as computers, telecom assets, and application software all can make or break your business . With what other financing mechanism other than an equipment lease can you in fact transfer the risk of obsolescence to the lessor, your lease company? The answer – basically none!

Owners and managers of corporations of all size are beholden to their shareholders (in some cases themselves!). Leasing companies offer you solutions that allow you to report a higher level of return on assets and equity.

Many managers in medium sized and larger corporations are ‘ victims ‘of ‘corporate budgets. At lease it certainly feels that way sometimes. Lease companies allow managers that are constrained by capital budgets to acquire the assets they need to run their division or business. That’s empowerment! And again let us make the point that what other finance tool allows you to acquire more expensive and better assets while keeping monthly payments or budgets in line. As we said, we can’t think of one.

Want to get a bit more ‘ empowerment’ when it comes to financing business assets? Seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your asset finance needs.