Dominion Lending Centre is Canada's #1 Leasing company. I have access to over 30 lenders nationwide. I look forward to helping your business find a leasing solution that best suits your needs. Call me today to discuss all your leasing needs!
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Directory information – Dominion Leasing
Dominion Lending Leasing Agent
Canada
British Columbia
Vancouver Island
Name – bcequipmentleasing
Salutation: Ms
First name: Vaughn
Last name: Chanakos
Nick name: Vaughn
prefAddress – Dominion Lending Centres
#603-5800 Turner Rd, Nanaimo, BC V9T 6J4
- Capital Conservation If it appreciates, buy it. If it depreciates, lease it. Leasing provides an alternate source of credit and financing more suited for depreciating assets.
Overcome Budget Limitations
Often a business’s budget only allows the purchase of what they absolutely require, not what they
really need.Stay on the Edge; Avoid Obsolescence
With today’s rapidly moving technology, some equipment can become obsolete relatively quickly.
Leasing frequently enables you to acquire the new equipment you need without having to keep
costly equipment working years beyond its profitable time.Conserve Credit Lines
With leasing, you can get the equipment you need now without disturbing your present bank credit
lines. Preserving your bank lines for other possible uses means the same thing to you as expanding
available credit.Possible tax advantages
Lease payments are often treated as fully deductible expenses. This may mean a more rapid write
off to you. Because the lease term is generally shorter than the depreciable life, payments can be
expensed in a shorter duration.Virtually 100% Financing
Practically any other financing demands a substantial down payment, deposit or compensating
bank balance. By leasing, you can quickly acquire use of the equipment you want deal? Is that “Prime Rate” offer a good deal?
Is it 7% or 17%? Let’s say for this example that the prime rate is 5.5% and your bank has offered
you that “plus 1.5”. When you compute the real yield on that 7% loan offer, you will find it is
actually a 17% loan. (Because you’re paying interest on 100% of the loan amount, but have only
received 80% of the money from the bank, the rest is your own compensating balance being
“loaned” back to you.) Using the same formula, a 10% compensating balance brings the bank’s
effective loan rate down to 11.7%. Anyway you cut it; it’s still a far cry from 7%!
