Commercial equipment leasing and financing is a valuable alternative for growing businesses. According to the U.S. Dept of Commerce, 80% of U.S. companies lease some or all of their equipment and technology. In 2010 alone, annual leasing combined in the United States exceeded $625 billion, which equated to over 55% of all capital investments in equipment.
If you are ready to finance your equipment purchase, new or used, our leasing professionals are here to make your equipment leasing experience quick and easy.
Leasing with Taycor allows you to purchase the commercial equipment and vehicles you need today while affordably spreading your payments over time. In addition, because a lease is not considered a long-term debt or liability, it does not appear as debt on your financial statement, thus making you more attractive to traditional lenders when you need them.
Leasing and financing allows you to react quickly as your need for commercial equipment arises. Taycor can approve your company for a lease within hours, with minimal information, and you can have the equipment or vehicles you need soon after.
Your business will continue to grow, and when your needs change, you can add to or upgrade your lease with Taycor using our add-on or master lease programs. You also have the option to include installation, maintenance and other services, if needed.
Leasing requires no down payment, and soft costs such as freight, installation and tax are covered for both new and used equipment.
A lease with Taycor provides the use of equipment for specific periods of time, at fixed payments. It assumes and manages the risk of equipment ownership.
Taycor allows you to structure a equipment financing program that addresses your key business issues, including: cash flow, budget, and cyclical fluctuations. For example, some businesses request seasonal leases, which allow them to schedule their payments during their busiest months.
The IRS does not consider an operating lease to be a purchase, but rather a tax-deductible, overhead, expense. Therefore, you can deduct the lease payments from your corporate income. Please refer to your tax advisor about your specific situation.