Aerial Boom Lifts

Acquisition lease: Acquisition leases are available for customers who would like a financing equipment they wish to own. Terms for these leases are also from 1 to 5 years. The buyout for these leases can be a fixed residual determined at the beginning of the contract or a low as one dollar with higher monthly payments during the term.

Flexibility: Many companies will work with you to determine the best lease arrangement for your needs. They can design various features such as unique payment schedules, equipment add-on or upgrade options and master schedules.

Leasing does not impact your financial statements, so your borrowing potential (through traditional bank financing) is not reduced, as it would be if you borrowed to make a purchase. It will make your equity-to-debt ratio look better. Also, lease payments are usually considered "pre-tax" rather than "after-tax." This means that you can write off payments for tax purposes, whereas when borrowing you can usually write off only the interest paid. Consult with your accountant or financial adviser for all tax consequences of leasing.

When structuring a lease during times of rising interest rates, try to obtain fixed, monthly payments over the term of the lease. Not only will this protect you from inflation, it will also allow you to project future cash outlays with greater accuracy. Adjustable-rate leases and loans put you at the mercy of rising interest rates, whereas a fixed-rate lease will lock you into a specific interest rate.