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Financial Options

Fleet Management

Rentals 

 
Financing / Financial Options

 

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.

 

 

Leasing Programs


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