|
Crown offers a range of highly competitive financing
options that can be tailored to your individual requirements.
Our highly specialized staff provide the ongoing management
of your account and the solutions to suit the changing
dynamics of your business financing needs.
Financial Lease - This lease allows you to assume
ownership of the equipment at the conclusion of the
lease term for a nominal purchase price. You receive
the advantage of immediate use of the equipment without
the large initial cash outlay, and realize the tax benefits
of ownership. This allows you to retain your capital
for other purposes. The lease term can vary from one
(1) to (5) years with residuals values varied accordingly.
Operating Lease - This is an off balance sheet
leasing option where routine maintenance is supplied
on a time and material basis. You receive the advantage
of immediate use of the equipment without the large
initial cash outlay, and all monthly payments are tax
deductible. The equipment is returned to Crown Equipment
Leasing at the end of the lease. The lease period can
be from three (3) to (5) years.
Commercial Hire Purchase - With this option,
the lessee retains ownership of the equipment at the
end of the lease. The customer has the option of making
a balloon payment in advance (example; trade-in amount
used). Routine maintenance is supplied on a time and
material basis. Hire purchase assets are treated as
owned assets and depreciation charged on the equipment
is tax deductible as are the interest payments. The
gross payments made during the lease period are not
tax deductible. This plan is also available in terms
of one (1) to five (5) years.
Long Term Rental - Although a Long Term Rental
is not a conventional means of financing, it does provide
the benefit of no initial capital outlay. Therefore,
it frees up your working capital for other purposes.
Other advantages of this option include, preset monthly
rental payments, in-built maintenance, and the flexibility
to easily change your model composition depending on
your changing needs throughout the rental period.
|