Why Lease?

Conserve your most important resource

As the saying goes, “Cash is King.” In fact, maintaining adequate cash flow is often the single biggest stress factor of running a business. By leasing, you keep cash in hand available for other–possibly more urgent–needs. You remain free to invest in areas of your business other than depreciating assets. And rather than compromising your normal lines of credit, leasing complements them!

Let the equipment pay its own way

You don’t profit from ownership; it’s the use of the asset that makes you money. When you pay by the month, you’re able to use the revenue brought in by a piece of equipment to pay for its use, and put more money in your pocket. Most Minerva clients choose to retain the equipment once the lease term is over–and keep all the profits!

Save on taxes

Because lease financing may be one hundred percent tax deductible, the after-tax cost to your business amounts to less than the total lease payments. Perhaps better yet, you get to pay for the use of your equipment with before-tax dollars–keeping working capital and banked profits available. Check with your financial advisor to see how this relates to your situation.

Don’t pay now for what you’ll use next year

When you hire a new employee, would it be smart to advance that person’s salary for several years in one lump payment? That’s precisely what you do when you pay cash for a new piece of equipment. It’s smarter to pay for the service your equipment provides as it produces, just as you do with your staff.

Streamlined Accounting

With a fixed monthly payment, your budgeting and accounting are simple and predictable. We use fixed rate terms, so you’ll never get hit with a bill for a “compensating balance” like you might with floating rates.

Make inflation work for you

Inflation is a fact of life. Every year, you need to earn more money just to keep pace. Leasing is one of the few ways to use this to advantage, paying for today’s equipment with tomorrow’s likely devalued dollars.