CORLEASING - OFFICE, MEDICAL EQUIPMENT LEASING

CorLeasing (a division of CorService) is small enough to offer flexibility, responsiveness and personalized service, yet large enough to handle your largest, most critical leasing needs.

Our dedicated equipment leasing professionals will:

• Listen to your needs.
• Explain leasing options in simple terms.
• Provide advice regarding the lease plan that best meets your unique business needs.

Precisely what is equipment leasing? An equipment lease is a contract that transfers the right to use the equipment to the lease customer in return for monthly payments to the leasing company. Ownership is retained by the leasing company unless the customer exercises a purchase option. It is the cost effective way to acquire the use of equipment.

Leasing has become the preferred way to finance medical equipment and other equipment for many reasons:

Tax benefits: Leasing offers the option of deducting 100 percent of the annual lease payments as a business expense - directly reducing your taxable income. When borrowing funds to acquire equipment only the interest portion of the loan and depreciation are allowed to be written off.

Conserves cash: Poor cash flow is one of the primary reasons businesses fail. No down payment is required when leasing, therefore the customer retains their cash for other opportunities.

Won't drain your business credit: A lease is a new source of credit and allows companies to keep valuable bank lines of credit open for other business purposes.

Greater flexibility: CorLeasing can tailor the structure of your lease payments to meet the cash flow, budget and cyclical fluctuations of your business. Leasing also offers longer terms than do traditional bank loans.

Ability to maintain modern equipment: Leasing provides companies the ability to regularly upgrade or replace equipment, eliminating the inefficiencies of owning out-of-date equipment.

Consider these facts to determine if leasing is right for your medical equipment and other equipment needs:

Lease	Loan
Typically involves a simple one-page application; decision usually made within 24 hours.	Most banks require a long list of documents (financial statements, tax returns, business plans, etc.); long approval process.
Requires no down payment.	Requires a down payment.
No obligation to own equipment at the end of the lease.	Customer bears all the risk of equipment devaluation because of new technology.
No effect on personal credit.	Shows as a debt on personal credit and can lower your score.
When structured as a true lease, customer may claim the entire lease payment as a tax deduction; results in a larger tax deduction each year.	Customer may only claim a tax deduction for a portion of the loan payment as interest and for depreciation which is tied to IRS depreciation schedules.
Fixed interest rate and payments.	Variable rates will increase payment.
Can include soft costs like shipping and software.	Hard assets only.
Up to five-year terms and in some cases more!	Terms shorter than the useful life of the equipment.
Only the equipment is held as collateral.	Requires additional collateral.