Who Uses Leasing?
 
For any size or type of farm operation looking to preserve working capital or banking credit lines, the Lease Plus Program is a practical financing vehicle that allows the operation to tailor their payment within budget restrictions, protect themselves from interest rate inflation and take advantage of the taxation benefits available with leasing.

Leasing is a modern solution to agriculture's equipment needs, it is simply a more efficient brand of financing, one that has overcome the traditional pride people take in outright ownership of equipment.

How Does Leasing Work?

The customer (lessee) simply fills out a Lease Plus Credit Application and faxes it to (403) 279-2178 or scan and e-mail to wayne@leaseplus.ca. Once credit is established, the equipment vendor is paid for the equipment, and the lessee has full access and use of the equipment, but not actual ownership. Often, if required, the customer has an option to purchase at the end of the lease term for either a pre-determined amount, or for fair market value.

Payment schedules are flexible and depend on whether you require them to be set-up on an annual, semi-annual or monthly basis.

Since the lessee uses but does not own the equipment, he/she is less susceptible to the degradation and obsolescence of the equipment as time passes. Meanwhile, the payments made on the lease are considered a pre-tax write-off, and that benefit is just the beginning of what Lease Plus can do for your farm business.

What Is A Leasable Asset?

Virtually any equipment that you are thinking of acquiring will be considered for leasing. If it can be used in your farm operation, Lease Plus can lease it. Some examples are:

• Agricultural Tractors.
  
• Grain Combines with heads and other attachments.
  
• Tillage equipment, including seed bed preparation, planting and irrigation equipment.
  
• Forage and hay harvesting equipment.
  
• Forestry harvesting equipment including skidders and loaders.
  
• Dairy and barn cleaning equipment.
  
• Grain handling equipment such as silos, augers and bins.
  
• Industrial tractors, loaders, scrapers, backhoes, forklifts and material handling equipment.
  
• Vehicles - cars and small trucks.

There Are Many Benefits to Leasing Your Equipment

• Lease up to 100% of the cost of the equipment and preserve your working capital.
  
• Capital lease payments are a business expense, allowing you to deduct 100% of your payments off of your income.
  
• The interest rate you lease at is locked in, which make you less susceptible to interest rare fluctuations.
  
• Leasing generates revenues through the use of an asset, not ownership.
  
• Offers flexibility by structuring terms, purchase options and payment schedules to suit your cash flow.
  
• Simplifies your profit planning and budgeting.
  
• Reduces the risk if equipment degradation or obsolescence and facilitates cost-effective replacement.