What is Equipment Lease?

Equipment leasing is a form of financing that allows you to use a wide variety of equipment without have to purchase it at once. For example, you can lease an excavator, lease a forklift, or even lease a coffee machine. You pay for these machines in monthly instalments, making you the owner of the equipment at the end of the lease. This is generally done in the form of Financial Lease. But what does it involve?

Financial Equipment Lease

With this form of financing, you see the equipment as a kind of investment. You pay an amount each month, just as you would with a loan, and at the end the equipment is all yours. At this point you are the direct economic owner of the equipment during the contract. This entails that you are responsible for any insurance and maintenance. This is ideal for entrepreneurs who see the equipment as an investment and want it on their company's balance sheet. There are even more advantages to Equipment Leasing.

6 Advantages of Equipment Lease

• Purchase business equipment without having to invest the full amount right away.

• Enjoy tax advantages, including interest deductions and the option of VAT refunds.

• Keep your capital in your business and maintain financial flexibility.

• Immediately become the economic owner of your equipment.

• You decide for what period of time and for what leasing rate you sign the contract.

• Perfect if you do not want to lease a vehicle, but other business equipment.

Questions about Equipment Lease?

Equipment leasing is the way forward for entrepreneurs and start-ups who need key assets without making a major investment right away. At Lease.car, we understand this, which is why we assist entrepreneurs from start to finish in preparing a tailor-made offer. We actively support you in understanding your lease contract, ensure you get the best deal and process the necessary paperwork for you.

Do you have questions about terms, lenders or the possibility of trading in equipment at the end of the lease period? Our team will be happy to help you with advice and a no-obligation quote, so you can find the equipment that fits your company's needs and budget.

How does Equipment Leasing work?

Leasing the right equipment from Lease.car doesn't have to be complicated.

1. Find your equipment from your own trusted supplier.

2. Leave your details: use our contact form or contact us directly by phone.

3. Quick response: we will contact you within two hours to discuss your needs and questions.

4. We take care of everything: from advising you on the lease contract to finding the best deal. We will guide you through the whole process!

5. No paperwork worries: we take care of all the paperwork, so you can focus on your business.

6. Collect your equipment: Once everything is sorted, you can pick up your machine and start using your new asset!

This compact step-by-step plan will get you up and running with your new equipment lease quickly and hassle-free.

Why take out an equipment lease through Lease.car?

When you choose equipment leasing through Lease.car, our experts will guide you through a simple and efficient process. Simply tell us what equipment you need and we will help you find the most suitable form of financing and the best deal through our wide network of banks. We compare prices, policy and other terms, and narrow down the options to make the choice as easy as possible for you

At lease.car, we have been focusing on the process of helping our customers find a lease deal or financing as clearly and efficiently as possible for years. As a result, we have become very good at a number of aspects of this process:

• Personalised advice from A to Z: We assist you from the first time we get in touch to the completion of your lease contract, always ready with personalized advice.

• Extensive network: Thanks to our connections with a wide range of dealers and suppliers, we are able to find exactly what you need.

• No hidden costs: Unlike some competitors, we don't surprise you with additional fees for advice, cancellation, or anything else. Our service is completely free and without obligation.

• Customer satisfaction: Our Trustpilot score of 4.8 proves it: customers are happy with our service and are happy to share their good experiences.

At Lease.Car, we go beyond just delivering competitive proposals. We do not charge consultation, cancellation or other additional fees. Our service is completely obligation-free and free of charge.

Equipment Lease Offer

At Lease.Car we understand that every business owner has unique needs when it comes to equipment leasing. Our expertise focuses on financing and guidance during the process of an equipment lease. Therefore, we encourage our customers to select the equipment themselves. Leave your details along with the equipment you want to lease with us and we will contact you for a free no-obligation consultation.

Do I have economic ownership with Equipment Lease?

Yes. An equipment lease uses one of the most widely used forms of financing: financial lease. You get immediate control of your new equipment. 

This makes you 'economic owner', meaning the item is on your balance sheet and you treat it as if you were full owner, even though you are still paying it off. This way, you carry the benefits and risks right from the start.

The Term of an Equipment Lease

The term of an equipment lease can run up to 84 months depending on the equipment type. In addition, consider the option of a final instalment, which allows you to take ownership of the equipment for a residual amount towards the end of the lease period. This not only reduces your monthly costs but is also financially beneficial if the equipment still has a significant market value at the end. Additionally, equipment leasing rarely requires a downpayment. For more details on the leasing term, residual ammount, and their benefits, we recommend contacting our experts.

Leasing or buying new equipment?

If you are considering purchasing new equipment, as an entrepreneur you are faced with the choice between buying or leasing, which both have pros and cons.

When leasing, you can make use of the latest equipment without having to make a large investment right away. Often, the only down payment required is limited to the amount of VAT, which is fully recoverable in many cases. An equipment lease not only improves cash flow by allowing you to invest your capital elsewhere, but also provides tax benefits since lease costs are deductible as business expenses in many cases. Additionally, equipment leasing offers more flexibility are able to upgrade quite easily or replace the equipment at the end of the lease period.

Buying, on the other hand, offers complete control and ownership, which offers advantages if you use the equipment for a long period of time and have the funds for an upfront payment. The choice depends on your business needs, financial situation and the value you place on flexibility versus ownership.

Contact Us

At Lease.car, we put a lot of energy into our customer service and do our best to make sure you return as a satisfied customer. We do this by providing you with a clear and responsible equipment leasing proposal tailored to your personal situation. We do not charge any consultation or cancellation fees. Contact our leasing advisers here and get a no-obligation quote today!