Document imaging and management solutions are a no-brainer for efficiency and savings but it’s not always an option for some companies to purchase their systems upfront. Here are seven reasons you should consider leasing instead:
1.Conserve valuable working capital – Equipment and/or software purchased with cash depletes your working capital. Lease financing allows that working capital to be used more effectively for other purposes.
2.Acquire ease of budgeting and inflation protection – Leasing provides an alternative source of financing, allowing you to acquire the equipment that you need without limiting your ability to finance inventories or greater short-term needs.
3.Avoid obsolescence – To paraphrase an old axiom, “Revenues are generated by the use, not the ownership of assets.” Leasing allows you to use the equipment that you need over the term in which that equipment will be useful to you. It allows you all the benefits of ownership without the risk of being committed to obsolete technology.
4.Enjoy ease of acquisition – Leasing provides you with the convenience of one-stop shopping. Once you select the equipment, you then decide on the payment terms that best fit your budget.
5.Get tax advantages – Due to accounting and tax treatment of leases, a lease may provide some tax-timing benefits to your business. The savings involved will vary depending on the type of equipment, lease terms, and your marginal tax bracket. Generally, lease payments can be treated as operating expenses rather than capital expenditures, whereby providing full and immediate deductibility. You should refer to your accountant for advice on the potential savings.
6.Benefit from self-financing – Lease payments are often made with the revenues generates or savings realized through the utilization of the leased equipment. As a result, leasing enables you to achieve a “profit” on the new equipment from the first month of usage.
7.Gain 100% financing – Polar Imaging, partners with RCAP Leasing, one of Canada’s longest-serving and most-respected financing businesses to provide total financing with no down payment. Hardware and software can be financed, enabling you to walk out the door with a total solution!
Most companies don’t know that this is an option for them. We do our best to make sure that you get what you need, the way you need it!
Contact us today to find out more about our leasing program and get your business into a document imaging or management solution today!