At Admiralty Leasing, we offer both personal and commercial leases, sale lease back arrangements, refinancing, and residual funding.
Why Choose Admiralty Leasing?
We approve more deals than any other lease company, because we are not a broker we are a funder.
There is no need to go to multiple leasing companies trying to get your client approved, Admiralty does it all for your equipment leasing needs.
Any leasing company will approve a long-standing, incorporated business with stellar credit, but few lease companies can approve clients with everything from A – D credit. If they are approvable, then Admiralty will get them approved whether they have A, B or C credit.
We have very competitive rates for clients with excellent credit and because we are a lease Funder, we are able to approve higher risk clients that no one else will.
We have a lease to fit your needs.
Why Lease?
CONSERVE CAPITAL
Most financial advisors agree: the prudent business person invests their hard-earned capital where it will offer the greatest return. Why tie up your valuable capital in depreciating assets when you could put that money to better use like covering overheads, expanding your business, opening up new markets, etc.
ACCELERATED DEPRECIATION
Most equipment that is purchased must be treated as a capital asset, taking approximately 7½ – 8 years to depreciate only 92% of its cost, whereas leased equipment is typically fully written off in 2 or 3 years. How much use will today’s asset be to you in 8 years? Leasing is better suited to your changing needs.
GAIN POSSIBLE TAX ADVANTAGES
Leasing appeals to most companies because of the very attractive after-tax (net) cost of the equipment. 100% of your lease payments may be tax deductible as an operating expense, so your business can realize a lower after-tax cost. Lower taxes = higher profits!
WIDE VARIETY OF FINANCIAL PRODUCTS
Admiralty Leasing offers a wide range of financial products to match your leasing needs. We offer both Personal and Commercial Leases, sales lease back, stretch leases, and residual funding. Your Admiralty Leasing representative will be happy to discuss the financial advantages to help you select the financing program that is best for your business.
PAY AS YOU PROFIT
Instead of tying up large sums of money up front, why not pay for your equipment as it contributes to the financial success of your business similar to your heat, lights, payroll and other operating expenses? Many Canadian businesses lease a wide variety of items including their building space, vehicles, and office furnishings for this very reason. And because ownership of your equipment is optional, if at the end of the lease term you would prefer to replace it with newer technology, return the equipment for no further obligation.
AVOID EQUIPMENT OBSOLESCENCE
Why carry computers on your books long after they have become outdated? An accelerated write-off period makes it practical to replace your computers when you need to. By allowing you to keep up with changing technology, leasing allows you to acquire the computer equipment your business needs to help ensure your continued success.
PRESERVE YOUR LINES OF CREDIT
There can be limits to how much a bank will be willing to loan to your business. By leasing instead of borrowing you can leave those important lines of credit intact for other needs as they arise. Many business owners look at leasing as an alternate line of credit to help diversify their financing portfolio.
SIMPLIFIED ACCOUNTING
Admiralty Leasing offers a wide range of financial products to match your leasing needs. We offer both Personal and Commercial Leases, sales lease back, stretch leases, and residual funding. Your Admiralty Leasing representative will be happy to discuss the financial advantages to help you select the financing program that is best for your business.
Credit Levels
o Excellent credit with many lines of credit
o No Bankruptcies
o Low revolving debt
o Few credit inquiries in last 12 months
o No evidence of suits, liens, collections, or judgments
o No foreclosures or repossessions
o Excellent score in credit desk
o No slow pay activity on personal or business credit
o Business should be established over 3 years with strong D&B Report
o True A credit may qualify for best rates available
o Good overall credit with many lines of credit
o No Bankruptcies
o Lower revolving debt, under $25,000 and under 50% credit utilization
o Few credit inquiries in last 12 months
o No foreclosures or repossessions
o Good score in credit desk
o No recent slow pay activity on personal or business credit
o New businesses and Business over 2 years old with good business credit
o Bankruptcy on credit bureau or business over 7 years old
o Evidence of a few recent slow pays to creditors
o No foreclosures or repossessions
o Revolving debt considered high, or high utilization of available credit
o Explainable, high credit inquiries in last 12 months
o Credit bureau scoring not within credit desk standards
o Keep in mind that paying an extra $40.00 or so per month still means that you have all of the advantages of a lease
Assets We Lease – Personal or Commercial
• Cars
• Trucks
• Trailers
• Boats
• Bikes
• Excavators
• Forklifts
• Yellow Iron
• Tools
• Construction Equipment
• Landscaping Equipment
• Manufacturing Equipment
• Restaurant Equipment
• Spa Equipment
• Machine Tools
• … and more!
