About Easylease
Easylease is a national commercial leasing broker who has been in business over 23 years!
With a focus on relationships, Easylease works with AAA to subprime credit and has access to over 30 funding relationships! In addition, they offer Easylease Express options, as well as mobile technology. They also have vendor programs and provided structured financing expertise on transactions from $2,000 to $5 million dollars. With a wide-range of commercial equipment financing, both new and used, Easylease is your best option for equipment leasing!
Benefits of Leasing
When it comes to leasing, there are many benefits such as:
- Ease of equipment acquisition, avoid equipment obsolescence
- Tax benefits, cash flow management, flexibility
- Conserve capital and borrowing power
- Overcome budget restrictions
Easylease Program Features and Benefits
- Industry expertise and experience
- Quick response to inquiries
- Quick turnaround for applications (24 to 48 hours)
- Simplified process through direct access to Easylease Express portal
- Complete branded turnkey leasing program for equipment suppliers
About Equipment Leasing
People choose to lease equipment for a wide range of reasons. Thanks to its flexibility, leasing can help meet a variety of goals that businesses might have. Below are some of the most popular reasons to choose leasing to support your equipment acquisition choice:
Lease Almost Any Kind of Equipment: Almost anything a business could use to operate or generate revenue including machine tools, construction equipment, copiers, computers, software, office furniture, manufacturing equipment, medical/dental equipment, etc. can be leased. From single items, to an entire office or plant, all are available through our leasing programs.
Stay on the Cutting Edge: With today’s rapidly moving technology, some equipment can become obsolete relatively quickly. Leasing frequently enables you to acquire the new equipment you need without having to keep costly equipment working years beyond its profitable time.
More Accurate Cost Projection: Leasing provides known payments over a specified period. Leasing helps take the guesswork out of budgeting.
Pay as the Cash Flows: Is your business seasonal; your business cycle predictable? Why not pay for that new equipment when it is paying for itself. Leasing is flexible because there is the option of customized lease payment schedules also known as a Seasonal Lease.
Fixed Lease Payments: Fixed payments enable a lessee to more accurately predict equipment costs and cash needs.
Conserve Capital: If it appreciates, buy it. If it depreciates, lease it. Leasing provides an alternate source of credit and financing more suited for depreciating assets.
Overcome Budget Limitations: Often a business’s budget only allows the purchase of what they absolutely require, not what they really need.
Conserve Credit: With leasing, you can get the equipment you need now without disturbing your present bank credit lines. Preserving your bank lines for other possible uses means the same thing to you as expanding available credit.
Possible Tax Advantage: Lease payments are often treated as fully deductible expenses. This may mean a more rapid write off to you. Because the lease term is generally shorter than the depreciable life, payments can be expensed in a shorter duration.
Virtually 100% Financing: Practically any other financing demands a substantial down payment, deposit or compensating bank balance. By leasing, you can quickly acquire use of the equipment you want without major cash outlay.
Vendor Programs
Dominion Lending Centres leasing professionals will handle all aspects of the leasing process. We will provide your company with preferred pricing and payment terms to offer your customers.
In an effort to stimulate its sales, a retail equipment vendor can align itself with a Dominion Lending Centres leasing professional and provide what is known as vendor finance or vendor leasing. To do this, the vendor must team with a Dominion Lending Centres leasing professional so they can offer low monthly payment options to their customers. Essentially the Dominion Lending Centres leasing professional becomes the vendor’s “in-house” finance company.
Vendor Finance allows equipment vendors to offer customers another financing option besides cash-on-delivery or 30-day terms. On high-ticket items, this can be a major benefit since it may not be possible for some customers to meet such immediate payment terms. By extending the financing option through a Dominion Lending Centres leasing professional, the vendor provides a choice that allows customers to better maintain their own cash flow.
Vendor finance is also known as vendor leasing and helps build vendor-customer relationships while improving vendor sales volume. Customers can view the vendor as a one-stop shop where they can fulfill their orders and get financing, rather than having to seek financing beforehand from a bank or other lending institution.
The vendor provides a low monthly lease payment option along with their equipment quote. When their customer decides to purchase and they choose the leasing option, the vendor then supplies the customer with a lease application. The customer completes and submits the signed application to a Dominion Lending Centres leasing professional, which performs a quick credit check. If approved, the Dominion Lending Centres leasing professional will then prepare a lease document package for the customer to sign with complete instructions. After receiving the signed lease agreements from the customer, the Dominion Lending Centres leasing professional issues a Release or Purchase Order (depending on vendor requirements) to the vendor. The equipment vendor then delivers or ships the equipment to the customer. After the customer receives and accepts the equipment, the Dominion Lending Centres leasing professional pays the vendor for the total amount of the equipment plus applicable tax within a short period of time (usually 2 to 5 days).
A Vendor Leasing Program can give your business a competitive edge over competitors who are unable to offer anything similar to their customers. By using the financing option, customers can also opt for the top-of-the-line items, which they could not otherwise afford with COD or 30-day payment terms. In addition, you have the funds to build your inventory and offer a wider selection.
Dominion Lending Centres leasing professionals provide fast and affordable equipment lease financing to businesses and government agencies across Canada and the United States. Through our equipment leasing division, we have become the “finance department” for many small to mid-sized equipment sellers.
Benefits for Vendors
Dominion Lending Centres offers dozens of equipment lease and financing programs tailored to your customer’s specific needs, while helping you increase sales with tax-friendly lease financing! Read on for even more benefits!
Close More Sales: One of the greatest benefits leasing provides is the speed and efficiency with which a sale can be closed. Payments can start immediately – in attractive and affordable terms. Lease documents can be emailed, faxed or couriered to your customer very quickly. You keep control of the sale and get the customer to commit.
Generate Larger Sales: You increase the customer’s purchasing power by offering leasing. Since the incremental monthly lease cost of a larger unit or additional features is so small, your customer is more inclined to increase the size of their purchase, and your profits.
Overcome Budget Problems: By characterizing leasing as an operating cost, your customer is able to circumvent a capital budgeting problem and avoid lengthy appropriation; thus ending the process that would delay your sale.
Build Repeat Business: You will find that leasing builds customer loyalty and leads to more frequent add-ons, trade-ups, and new equipment acquisitions than an outright purchase. DLC Leasing’s equipment leasing program allows you to offer solutions to your customer’s equipment needs allowing them to keep up with changing technology.
Leasing Provides Convenience: By offering leasing, you make it easy and convenient for your customers to acquire your equipment. No need to delay your sales while other financing is sought by your customer. You control the sale. Your customer wants, needs and expects a single source to fill their needs. Do not underestimate the convenience and value of this additional service to you and your customer.
What We Lease
Our unique expertise and leading-edge support systems give us the ability to tailor financial solutions that suit any and all business requirements.
Office: Office furniture, systems-furniture, chairs, boardrooms, Audio-Visual systems and equipment, air-conditioning, data-network racks and equipment. Office furniture can take 12+ years to depreciate – use leasing to write-off-against income in 3 to 5 years.
Technology: 100% Software, hardware, telephone systems, VoIP and data-network equipment and technologies. Let the technologies pay-for-themselves through the efficiency-gains, cost-savings and lower-costs they bring.
Industrial: Heavy equipment, yellow-iron, forklifts, industrial machining, metal/wood working equipment, racking, warehouse equipment, manufacturing equipment & technologies, pumps, electronics, industrial lighting.
Transport: Tractor trailers, vac trucks, pumper trucks, pressure tankers, crane-trucks, all trailers, related equipment, add-ons and GPS-system-technologies. FARMING We have monthly, semi-annual and other payment plans for all types of farming equipment, tractors, transportation, dairy equipment, harvesting equipment, grain bins, farm-automation & technology.
The Easylease Process
This is a quick and easy process that only requires 3 steps!
STEP 1: Complete the Easylease Express application. The additional fields will assist us in our evaluation, and ensure we match you with a representative that is a specialist in your business sector.
Our simple application submission requires only 6 fields to receive a call back from one of our Lease Professionals:
- Business name
- Contact name
- Email Address
- Business phone
- Equipment Value
- Equipment Description
STEP 2: Your request will be reviewed and you’ll receive communication to confirm your needs. If any additional information is required, we will discuss that with you as well.
STEP 3: On approval and acceptance of the financing terms, our Team will coordinate with your equipment supplier, prepare your documentation and arrange funding.
Transaction Qualifiers
Below are the requirements to qualify, depending on how long you have been operating:
Over 2 Years in Business
- Generating Revenue
- Registered Canadian Business either Incorporated, Sole Prop, Partnership, etc.
- Customer has been qualified and wants to finance their new or used equipment acquisition within the next 60 days
- Transactions $80,000 plus require two years financial statement plus interims
Less Than 2 Years in Business
- Transaction size not to exceed $70,000 CAD
- Customer must provide Personal Guarantee
- Personal Net Worth Statement
- New Business Outline
- 3 Months Bank Statements if available