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At PROLEASE, we put a lot of effort into developing flexible finance and lease plans that meet the demands of your company. Every case is different, and our finance specialists are here to assist you determine which course of action would work best for your company.
ADVANTAGES OF LEASING
Reduced, fixed-rate monthly payments
Flexible fleet sizes and reduced rentals as required
There is no residual risk after lease's end
Purchasing power after lease
ADVANTAGES OF FINANCING
Ability to save capital for business
Can flexibly customize equipment and upgrade its capabilities
Control over asset once its paid off
Reduces overall tax liability
FREQUENTLY ASKED QUESTIONS
Ownership is the main distinction between financing and leasing. Your commercial truck will be returned at the conclusion of the lease, and your payments will cover the value of the vehicle's depreciation. Payments made under a finance agreement go towards buying the vehicle, leaving the borrower with 100% equity at loan's end.
Loan payments are generally more than lease payments because you’re covering the entire value of the truck rather than the residual value (value after the lease term is completed). While lease payments may be less, the overall cost of leasing is likely higher than the cost of owning the vehicle.
You can typically anticipate additional conditions in addition to kilometer limits, such as early cessation and wear and tear fees. Before choosing to enter into this type of arrangement, make sure you comprehend the specifics of the lease.
Both are possible. For either, your credit score is a factor that affects how simple the procedure. No matter if you choose to finance or lease, having a bad credit will make things more challenging.
As you can see, financing and leasing both depend on your company's strategic goals. Contact us to chat with one of our experts and learn if it will work for you as well.