ASK Leasing

Leasing provides companies with a practical, effective way to finance the acquisition of the business equipment they need to grow and expand. Equipment lease financing gives you an option to buy at the end of the term.

Improves Your Cash Flow

When you lease assets, your cash is not tied up in a purchase. Your bank lines are untouched, and there's little or no down payment. Working capital is free for investments that will grow your business, produce income, and insure the equipment you acquire earns profits.

Preserves Lines of Credit

Leases can be structured so the 'lease debt' does not have to be shown as a direct liability on your financial statements. This allows you to preserve your borrowing availability with your bank and other creditors. It may also result in improved debt-to-equity and earnings-to-fixed assets ratios thereby improving how the lending community views your company in general.

Hedges Against Inflation

Your monthly payment remains the same over the term of the lease or loan. Dollars paid later in the term usually have less purchasing power than those paid at the beginning of the term, so you pay for today's equipment needs with tomorrow's lower-value dollars.

Saves on Taxes

As much as 100% of your payments may be tax deductible depending on the type of lease you select. You may be able to deduct your entire lease payment as a current operating expense for both financial reporting and for income tax purposes. This can reduce your overall tax liability and therefore reduce the 'real cost' of acquiring equipment.

Consolidates Your Debt

Unlike bank loans, individual leases can be consolidated into a master lease. This provides the advantage of the lower rates for larger transactions while getting the flexibility to acquire individual pieces of equipment based on your schedule.
Provides 100% Financing.

Leasing eliminates the need for a down payment by allowing 100% of the equipment cost to be financed. Even "soft costs" such as training, customization, shipping, installation, and maintenance agreements can be included in a typical lease.

Simplifies Equipment Changes and Upgrades

Hiring additional workforce? Expanding your business? Additional equipment can be added to your existing lease, usually with the same terms. The equity in your leased equipment can be applied toward the lease of new equipment or you can upgrade equipment and add peripherals as the need arises.

Eliminates Hidden Charges

With ASK, you have no compensating balances, no closing costs, and no restrictive covenants that banks use to increase customers' costs. What you see is what you get.

Flexible Payment Programs

ASK offers a variety of different lease types. Some can be tailored to meet the specific cash flow requirements of your business. Let us help you select the length and type of lease that best fits your needs.

Provides Flexible Terms

At the end of the lease, you have several options: (1) return the equipment with no further obligation (2) purchase it for a specific price as low as $1 (3) keep it and extend the lease.

Includes Lender Stability

You can deal with a company that knows you and actively supports you on a regular basis for all of your assets. You don't continually have to educate different lenders on the specifics of your company, saving you considerable time and money.

Low, Fixed Monthly Payments

Leasing provides long term fixed rates and fixed payments and typically results in a lower monthly payment than conventional financing. This simplifies budgeting and reduces long-term risk.

Less "Red Tape"

Many bank, commercial loan, and credit line agreements significantly restrict additional borrowing or financing. In some instances, a borrower must obtain the permission of an existing lender for additional borrowing, maintain a certain level of compensating balances, or provide periodic financial information. Leasing does not have these types of restrictions or provisions.

Lower Life Cycle Cost
A lease lets you realize considerable savings compared to outright purchase or borrowing for the purchase. You pay only for the use of the equipment. Leasing also helps reduce the concerns and costs associated with equipment disposal.

We invite you to explore the attractive lease programs that ASK offers. Contact us at (610) 617-0300 or send us an email at info@asktech.com