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Leasing Information
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Why Lease Shoe Machinery?
- Leasing allows for little or no down payment, usually 1 or 2
months.
- Leasing preserves your bank lines for working capital needs.
- Leasing provides low monthly payments on desired
shoe machinery.
- Leasing offers flexible financing plans, i.e. seasonal skip
payments, deferred payments, annual payments, or we can create a
customized plan to suit your needs.
- Leasing allows you to maintain a competitive edge by providing
an affordable means to acquire the latest technology.
- Leasing your shoe repair machinery can be treated as
an operating expense to your business,
and this can supplies you with 100% tax deductible payments.
- Leasing payments are fixed rate and fixed term financing - no
fear of payment increases.
- Leasing can help you acquire new or used shoe repair supplies.
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The Disadvantages of Bank
Financing
- Normally shorter terms than leasing.
- Installation, taxes and freight cannot always be financed.
- Large down payments sometimes required.
- Compensating balance in bank account(s) often necessary.
- Considered an installment sale by the IRS and, hence, only the
interest is tax deductible.
- Could reduce existing lines of credit and lower your credit rating.
- Usually variable rates.
Leasing shoe repair supplies and machinery is cost effective.
Leasing is flexible financing.
To apply or get more information about leasing contact:
Megan Zoba
Oakmont Capital Services
1398 Wilmington Pike West Chester, PA 19382
Toll free 877-701-2391 Fax 800-843-2948
mzoba@oakmontfinance.com
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