McKenzie Leasing & Finance

BENEFITS | HOW LEASING WORKS | LEASE END OPTIONS | FAQ

The Benefits of Leasing

Recent studies have shown that as much as 80% of today's companies lease at least some of their equipment. What is it that makes leasing so popular?

Leasing Allows Businesses to Remain Competitive

Leasing provides a way for business owners to acquire the updated equipment they need to remain competitive in today's market —without exhausting available cash and lines of credit.

Up to 100% Financing

Full financing allows businesses to get what they need when they need it, including freight, installation, maintenance, training, etc.

A Bank Alternative

McKenzie Leasing and Finance approves nearly 75% of applicants and can often provide financing options when banks are unable to assist. We will work with you personally and consider your unique situation to see if we can help.

Affordable Payments

Longer repayment terms and lower installments than a typical bank loan.

Streamlined Application

Some applicants may qualify for leases up to $50,000 without requiring financial statements (please contact our office for details Toll Free: 1-800-888-1392).

Flexibility

Most any type of business equipment can be leased —leases can be written for as little as $2000 or as much as $300,000+.

Custom Programs

Each lease program is structured to take into account the individual needs of the client.

Generate Income

Income generated from leased equipment can provide additional growth opportunities and cover the lease payment.

Puts Timing in Your Control

More purchase power in your budget allows for quality expansion when the timing is right.

Cash Flow Protection

Unlike buying, leasing conserves cash and bank credit for operating expenses and emergencies.

Inflation Protection

Leasing locks in the finance rate, protecting you from inflation.

Predictibility

A fixed lease payment makes budgeting and planning much easier than with a bank loan, where your rate floats with prime.

Simplified Recordkeeping

Leasing eliminates the need to keep depreciation schedules when payments are listed as an operating expense.

Tax Advantages

You can typically deduct and lease payments from your corporate income. Consult a tax professional for details.

Choice

Payment Options—McKenzie Leasing & Finance allows you to plan for a monthly, seasonal, or annual payment schedule. Delayed payments are also available.

Lease Length Options—Choose from 24, 36, 48 or 60 months.

Lease-End Options—McKenzie provides a variety of lease-end options.

Consolidation—McKenzie may be able to consolidate multiple leases for simplified payments.

How Leasing Works

Leasing is similar to buying over an extended period of time — 24 to 60 months. You select the equipment and are able to choose from several lease-end options for continued use.

PROCESS OVERVIEW

Preapproval

We recommend preapproval —with the knowledge that you have already been approved, you are able to optimize your choices based on pre-established monthly payment scenarios. Please see the applications page or contact our office for further information about preapproval. Toll Free Phone: 800-888-1392

Select Your Equipment

You select the equipment and negotiate the price from the vendor of your choice.

Negotiate the Details with Vendor

You also work directly with the vendor to negotiate the details of warranties, guaranties, delivery, installation and servicing.

Subsequent Costs

As in a purchase, you are responsible for subsequent taxes, insurance coverage, maintenance, and the costs associated with the day-to-day use of the equipment.

Apply

Call, fax or mail us your application. Please see the applications page to review needed information or download the application. You can also call to have an application faxed or mailed directly to you. Toll Free Phone: 800-888-1392

McKenzie Purchases the Equipment from Vendor

Upon application approval and receipt of equipment details, McKenzie Leasing and Finance will purchase the equipment .

Your Lease Period Begins

You then lease the equipment from McKenzie for a specified number of months.

Lease End Options

There are a variety of options for continued use of the equipment once your lease period is over:

Purchase the equipment at fair market value or a fixed, preset amount.
Renew the lease for the residual value of the equipment.
Lease new equipment
Return the equipment.