National City Equipment Finance Benefits of Leasing

Given today's economic climate and the rapid pace of technological obsolescence, more than eighty percent of all U.S. companies utilize lease financing according to the Equipment Leasing Association reports. Leasing provides an excellent alternative source of capital.

Conservation of cash – Leasing doesn't require the cash outlay of a purchase

Longer terms, lower payments – Lease terms can be flexible up to 60 months and longer

Periodic equipment updates – Reduce obsolescence risks with life cycle management

Manageable up-front costs – Little or no down payment

Purchase options – At lease end, purchase at agreed upon price or return

100% financing – "Soft costs" such as installation, training and pass-through maintenance can be added

Tax advantages – As an expense, lease payments may reduce tax liability

Costs spread over useful life – Pay as you use the equipment

Simplified documentation – Minimal paperwork

Partner with the experts – Our in-depth knowledge eliminates acquisition errors

Financial power – Working with a partner with $140 billion in assets gives you flexibility

Customized lease options and payment plans – Alternatives to meet your cash-flow