ES Leasing Solutions offers easy equipment leasing solutions for your business
At Essential Solutions, we believe in bringing the best solutions to small and mid-sized businesses. Our goal is to bring you the best technology so your business has the competitive edge it needs. As part of this, we offer leasing solutions that ensure your business has access to the most up-to-date equipment and technology. When you choose to lease equipment from ES, you’re choosing an affordable way to get access to the best technology.
There are a multitude of benefits from leasing equipment
One of the main benefits of own leasing your equipment is avoiding the problem of obsolescence. Eventually, all computers and tech equipment will become technologically obsolete. Imagine spending thousands of dollars for equipment that is outdated within 18 months. Instead of fronting the capital for equipment that may need to be replaced within a couple of years, leasing offers you the updated equipment you need at an affordable price.
For example, say you’ve leased a copy machine for two years. Once your lease expires, you’re free to upgrade the machine to the newest, fastest, and cheapest model. In this scenario, you’re always able to have the best equipment without tapping out funds.
Leasing also offers your business the ability for predictable monthly expenses. You will have a pre-determined monthly line item, helping you budget your business more effectively. In the case of a broken equipment, you are not liable for replacing the unit; all hardware is guaranteed for the length of a lease. This saves you from unexpected and often costly repairs and replacement of equipment.
By ensuring your business is using the most updated technologies, you’re able to more easily keep up with your competitors. Leasing can enable your small business to acquire sophisticated technology that might be otherwise unaffordable. The result: You’re better able to keep up with your larger competitors without draining your financial resources.
Frequently Asked Questions
What type of lease does Essential Solutions offer, a capital lease or an operating lease?
ES Leasing offers operating leases. With an operating lease, we retain ownership, and for tax purposes, the equipment is considered a monthly operating expense rather than a depreciable asset. Operating leases are generally more popular among small businesses because they don’t tie up funds and are three to five years long.
Is it more expensive to lease?
No, whatever the price you would pay to purchase the equipment outright is used to determine the monthly payment.
What manufacturers or brand names are available for lease?
ES Leasing offers a vast variety of manufacturers. We will shape the agreement according to your needs.
Is there a buyout option?
Yes, you may buy out the lease at the end for a fair-market value.
How long is the lease for?
Usually, leases for computer equipment run 24, 36, or 60 months. The length of time depends on the type of equipment. Shorter leases are available for equipment that becomes outdated faster, such as printers, tablets, laptops and PCs. Servers usually don’t become outdated as fast and are available for longer leases.
Does the equipment have to be insured?
ES Leasing requires you to insure the leased equipment. If you don’t, fees may be added to your monthly payment to cover insurance.
Can I add to the lease?
ES Leasing allows you to add equipment to an existing lease. Your lease payment will be recalculated accordingly and lease terms may be subject to change.
Can I terminate the lease early?
Yes, lease agreements can be terminated early but are subject to termination fees. These fees are calculated based on each individual lease agreement and written into each lease contract.