Machinery Lease Financing

Lease financing has never been easier! We offer competitive rates, 100% financing and can customize terms to suit your borrowing needs.

Akhurst Machinery’s Leasing Program has been developed with you, our customer, in mind.

Why Lease?

✓  Leasing Protects Cash Flow
With leasing, you can spread out the acquisition cost of your equipment over time, freeing up valuable capital to expand your business.

✓  100% Financing
When you borrow money from a bank to acquire equipment, you may be asked to provide a down payment of 10 to 20%. In most cases with leasing, your first payment is all that is required at the time of signing. You can finance the total solution, including start up costs, hardware, software & services.

✓  Protection Against Obsolescence
With Leasing, you can upgrade your equipment at anytime without a penalty. This keeps you up to date with current technology.

✓  Tax Advantages
Depending on the circumstance, lease payments may be 100% tax deductible as an operating expense. Consult your accountant about potential tax deductions.

✓  Simplify Budgeting
Because regular lease payments remain fixed over the term of the lease, budgeting for cash flow is made easy.

✓  Leasing Preserves Existing Credit Lines
By leasing, you can get the equipment you need today without tying up other valuable credit lines.

✓  Leasing is Flexible
A variety of lease options are available, the term and frequency of payments can be tailored to fit your unique situation.

How We Make Leasing Easy

  • Financing for both established and newer businesses
  • Lease Agreements via Email
  • Terms from 24-84 months
  • Seasonal, slow-start and custom payment structures available
  • 90% Approval Rate
  • 24 hour response time
  • Convenient one stop shopping
  • Pre-approval available with no obligation

Types of Structures Available

  • $10 Purchase Option Structures
  • 10% Purchase Option Structures
  • Custom Purchase Option Structures
  • Slow-start Payment Plans
  • Seasonal/Quarterly Payment Plans

Frequently Asked Questions

What is a lease?

A lease is simply an agreement by a customer (Lessee) to make a monthly payment for a specific amount of time for the right to use property owned by another party (Lessor). The Lessee is responsible for insurance, maintenance, and all other cost of ownership.

Why should I lease?

Leasing offers many advantages over other types of financing. Leasing will not deplete financial resources like paying cash does.  Leasing can offer 100% financing unlike a bank loan that will usually require a 20%+ down payment. There may also be tax benefits to leasing that will save you money. Leasing allows most businesses the opportunity to acquire revenue generating equipment and match its cash inflows and outflows, essentially letting the equipment pay for itself while still generating a positive cash flow for the business.

How is leasing different from renting?

While there are several differences between leasing and renting, the main one is that leasing gives you the added flexibility at the end of term to purchase the equipment, return it, trade it up into new equipment, or renew the lease.

What is required to qualify for a lease?

For transaction up to $30,000 usually we only require a one page application to be completed.  For transactions over $30,000, a copy of the company’s financials are generally the only other information required.

How long is the approval process?

Approvals are usually accomplished by the next business day, depending on the size of the transaction and that accuracy of the information provided.

How much of an initial cash outlay is required?

Only the first and last month’s payment and a documentation & registration fee are usually all that are required to start a lease.

What equipment can be leased?

All new and pre-owned equipment, software, installation charges, delivery charges, tooling and training can be included in your lease.  Peripheral equipment can also be included (i.e. dust collection systems). In addition a prepaid maintenance service contract can be included. Later, trade-up equipment can be incorporated through lease add-on features.

When do my lease payments begin?

Once you have received all of the equipment you ordered and it has been properly installed, you execute a delivery and acceptance certificate and the start date for your lease is determined by that date.

Are there tax advantages to leasing?

Leasing can provide a more rapid write-off because the lease term is often shorter than the depreciable life of the equipment, and the monthly payments are often 100% tax deductible as a pre-tax business expense. Consult your tax advisor for more detailed information.

Download Our Lease Applications