Equipment leasing benefits
Get your equipment fast
We’ll review your application and have a lightning fast decision on your lease. How fast? We’ll typically notify your equipment dealer that payment is on its way upon 48 hours of your approval. You just sit back and wait for them to deliver your equipment.
Increase buying power
Leverage your buying power and free up cash with periodic payments rather than one upfront purchase. You can also add extra features or accessories to your equipment for a small payment increase. Now that’s putting the POW in Buying Power!
Control your cash flow
Small payments over the term of your lease means your equipment will start earning you money while you pay it off, making it easy to balance your expense to revenue ratio.
Seasonal payment options
At CWB National Leasing, we’re all about flexibility. That’s why we’ll structure your payments, seasonally, semi-annually or annually to match your revenue.
Potential tax savings
In many instances, leasing provides a business with income tax benefits by allowing you to expense lease payments rather than depreciating the capital cost of equipment. Always consult your tax advisor to find out how leasing can benefit the tax position of your business.
Equipment leasing in 5 easy steps
Step 1: Go shopping
Find the equipment you want at the equipment dealer of your choice. Make sure to record any identifying specifications and options that you want, along with an approximate cost.
Step 2: Complete your application
Step 3: Have a chat with us
We’ll give you a call to review the details of your application and some of the finance options available to you. We’ll then contact your equipment dealer to negotiate purchase of the equipment you want.
Step 4: Receive your equipment
Upon approval of your lease and finalization of your documentation, we’ll contact your equipment dealer, notify them that payment is on its way and you’ll get your equipment.
Step 5: Repeat as required