Advantages of Financing
Every business needs new equipment at some point. Existing equipment gets old and outdated and additional equipment is often needed to grow a business. Nearly 80% of companies in the U.S. finance equipment to remain competitive. They recognize that it is more important to have and use the equipment than it is to own the equipment.
There are many advantages to financing your equipment purchase Pacific Barcode Label Printing SOlutions. Here are the reasons we feel are most important:
Financing preserves your lines of credit. Save your bank borrowing capacity for other needs or emergencies.
Get the equipment and technology you need today while spreading your payments over time. Capital budgets can be used for other business expenses and more productive operational uses.
Changes in the economy, emerging competition and expansion require flexible options for a small business. Financing allows your business to grow or change with the tide quickly, without large up-front costs.
Technology changes rapidly. The software and equipment you purchased 2 years ago is most likely outdated. With financing, when your term is over, you have the option to purchase your equipment, trade it in for new equipment or return it outright. Keep your business at the forefront of your industry through financing.
For most term finance agreements, businesses can deduct monthly payments. The benefits and amount changes annually, so you should consult your tax advisor for more information on IRS Section 179.
Financed equipment can create income for your business that far exceeds the cost of your monthly payment. You can stretch your budget to obtain additional equipment you couldn’t have afforded otherwise through fixed monthly payments.
Financing allows you to use equipment you need, for as long as you need it, with a fixed monthly payment. If interest rates skyrocket, your payment does not change.
You know how much your business can afford to spend on your new equipment. With leasing you can pick the best payment solution for your business. Extended terms, flexible payment options and equipment upgrades are all available.
Logic of Financing
Leasing vs. Cash Purchase vs. Bank Loan
Which method is right for you?
|Can You…||Leasing||Cash Purchase||Bank Loan|
|acquire equipment without a substantial cash outlay?||YES||NO||NO.Most banks require a large down payment.|
|upgrade or add equipment without difficulty?||YES||NO||NO.Most banks require reapplication for another loan.|
|match payments to your current cash flow?||YES||NO||NO|
|avoid affecting your bank lines of credit?||YES||NO||NO.In fact, you will be affecting it a great deal.|
|get approval for financing in one day?||YES||N / A||NO.It could take days or even weeks.|
|customize your payment plan or even defer payments?||YES||NO||NO|
Epson ColorWorks C3500
Epson C3500 Label Printer
External Stand – allows for 8″ OD Labels
Bartender Basic Software
Extra CMYK Ink Cartridges
3 Year Depot Warranty
Based on 36 month lease. Contact your Pacific Barcode Sales Rep or Customer Service Representative for more details.
Epson ColorWorks C7500
Epson ColorWorks Label Printer
Codesoft Software Trial Edition
Extra CMYK Cartridges
4 Year Depot Warranty
Based on 48 month lease. Contact your Pacific Barcode Sales Rep or Customer Service Representative for more details.