WHY IS LEASING THE AFFORDABLE ALTERNATIVE?
Monthly lease payments are more affordable for your business than a large, lump
sum, equipment purchase. With leasing, you can afford the extras and get the
equipment your business really needs.
Your purchasing power is also
increased through leasing. The working capital for your business is conserved,
not "anchored" to depreciating equipment. Invest in appreciating opportunities,
not depreciating equipment.
WHAT ARE THE ADVANTAGES OF
LEASING? Get a Tax Break. In most cases, monthly lease payments
may be deducted as an operating expense, making payments 100% tax
deductible.
Make budgeting Easy. Regular lease payments
simplify accounting procedures, eliminate depreciation scheduling, and ensure
consistent control over equipment expenditures.
Diversify Your
Financing Sources. Keep your options open! Leasing allows you to diversify
your financing sources so your business is not dependent on one financial
institution or tying up your lines of credit.
Upgrade With
Ease. It's easy to upgrade your equipment or add to your existing lease. so
that your business can "sail" with the most up-to-date equipment. You get
credit for the amount you have paid for your old equipment, and the new
equipment will be incorporated into a new lease with a new term.
DO
I QUALIFY FOR LEASE FINANCING? W.C.F.S. services are available to all
Canadian residents. Leasing is especially beneficial for established businesses
(more than two years operation), and commissioned sales representatives. We
also have a program for newer businesses. Individual applicants who have been
in the same line of employment for two or more years may also qualify for lease
financing.
WHAT ARE MY OPTIONS AT THE END OF THE LEASE? At
the end of the lease you may:
- Purchase the equipment for the (Fair Market Value)
purchase option;
- Upgrade the equipment to new and better technology;
or
- Return the equipment with no obligation
HOW DO I TRADE UP TO NEW EQUIPMENT? It's
easy to upgrade your equipment or add to your existing lease, so that your
business can "sail" with the most up-to-date equipment. You get credit for the
amount you have paid for your old equipment, and the new equipment will be
incorporated into a new lease with a new term.
WHAT IS "FAIR MARKET
VALUE?" Fair Market Value is a term used to describe the value of
equipment at a specified point in time. Typically, if the equipment is signed
on a shorter lease term the equipment is newer, and may be worth more than a
system signed on a longer lease term. Because the leasing company holds title
to the equipment during the course of the lease term, if you would like to own
the equipment, you are offered to buy the equipment for the Fair Market Value
purchase option determined at the time you request to purchase.
W.C.F.S. offers a Fair Market Value purchase option which represents
10% of the original capital cost of the equipment at the end of the lease for
lease terms greater than 24 months. 
