Lease vs. Loan
Compare the differences between an equipment lease and a loan with our comparison table and make the right equipment acquisition choice for your business.
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By: CWB National Leasing
You’ve been browsing AgDealer.com and doing your research. Now you’re ready to pull the trigger on a new piece of equipment. Exciting!
Perhaps you’re considering the best way to acquire this equipment. How will a large purchase affect your budget? Since your cash usually comes in when your crops do, it’s important to be strategic. Paying for equipment upfront can take a big chunk out of your liquidity and make it tougher to pay for inputs and unexpected expenses.
This is why leasing equipment is such a popular choice among farmers. You can put your financed equipment to work and start reaping the benefits right away, only making payments once the equipment is earning you money.
Financing equipment with CWB National Leasing is easy, and you can apply online on AgDealer.com.
Here are some pointers to keep in mind:
We can help you finance nearly any type of farm equipment, including:
At CWB National Leasing, we can help you finance both new and used equipment. We’ll typically lease used farm equipment that’s up to 20 years old or less by end of the lease term.
We offer flexible options that meet you where you are in your business cycle. For example, semi-annual or annual lease payments can be lined up with your seasonal revenue. Customizable residual options and terms can help you keep payments manageable. Our equipment financing experts have seen it all, and they can help you arrange financing that fits.
Our roots in agriculture go deep. With our Ag experts on your side, you can finance your equipment knowing we’re here to help you with the growing needs of your farm.
Look for the CWB National Leasing logo next to listings on AgDealer to calculate payments and apply for financing!
With a specialized Agriculture Banking Team that includes a full-time Agrologist, our parent company, Canadian Western Bank, is well-positioned to be your financial partner in farming. From supporting land financing and optimizing day-to-day cash flow to managing your debt, this expert team can help you reap the rewards of financial solutions custom-fit for farmers.
Posted in Equipment leasing advice,
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