Leasing with Vernon Technology Solutions
Equipment financing can be a powerful financial tool to help you run and grow your business. Whether it is the preservation of cash enabling the leveraging of equipment budgets, the ability to finance 100% of the equipment, the preservation of Lines of Credit, potential income tax benefits, leases provides a genuine advantage in acquiring desired equipment. Companies now turn to lease financing as the preferred method of acquisition to overcome the many drawbacks of equipment ownership.
Why Vernon?
Simplify the acquisition process
Once you decide on the equipment that meets your requirements, you have the flexibility to order the equipment of your choice, from the manufacturer and vendor of your choice, or have Vernon source it for you. All aspects of your technology installations, from all hardware and software to installation and support, can be integrated into your leasing solution.
Flexibility
As your information processing needs change, you may easily alter your lease. The choice is yours: you can purchase or extend the lease or upgrade your equipment at any time.
Online Asset Management
Leasing clients also have access to OpenOPUS - Vernon's client web site that allows you to effectively manage your lease portfolio by providing an automated, web-based process to track assets, change or inquire about equipment locations, download data for customizable reporting, and other asset tracking capabilities.
Why lease?
Preserve cash and Lines of Credit
Leasing allows you to conserve working capital and leverage up the buying power of your operating or capital budgets, and overcome budget limitations. It’s an alternative financing source that enables you to acquire equipment without affecting your lines of credit. It also spreads out the acquisition costs over the useful life of the asset.
Potential income tax benefits
In many instances, lease payments are tax deductible, as a monthly operating expense (rather than a capital expense). The tax advantages are taken monthly rather than at year-end.
Protect yourself against obsolescence
Leasing provides a way of keeping up with technological changes by allowing you to upgrade or add equipment at any point during the term of your lease. You will be more responsive and remain at the forefront of technology.
Reduce costs of using technology
By maintaining a current and common baseline technology across the organization you will reduce your technical support costs, your equipment will always be covered under the manufacturer's warranty, therefore service agreements will not be required in most cases.
For more information about our services. Please contact me.
Anthony Barton
E-mail: abarton@vernontech.ca
Telephone: 905-752-0925
