Flexible Payment Options to Meet your Business Needs
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Lease & Finance Quality Material Handling Equipment with Flexibility
There are many benefits to leasing or financing material handling equipment instead of buying equipment in a rush. According to the Equipment Leasing & Financing Association, in 2021, nearly “80% of US Companies use some form of financing when acquiring equipment, including loans, leases, and lines of credit.”
Explore Morrison’s flexible financing and leasing noptions to find the best plan for your warehouse and business needs.
Discover Flexibility and Choice with our Leasing Options
Choose how you want to pay for your equipment, accessories, and services. We offer three primary payment options to acquire your equipment - a focus on usage and a focus on ownership.
Fair Market Value Leasing
- Typically, the lowest periodic payment compared to other option
- Upgrade, return, or purchase at the end of the lease at the Fair Market Value
- Leasing for up to 100% of the purchase price
- Fixed payments that can also cover soft costs
Fair Market Value leasing is good for customers who:
- Use material handling equipment but are unsure of which end-of-term option makes the most sense for them
- Desire the option to upgrade to a new model at the end of the term as business needs change
- Are interested in the lowest monthly payment with the ability to purchase at the end of the term
Fixed Price Purchase Option Leasing
- Low, periodic payments with end-of-term purchase cost certainty
- Upgrade, return or purchase at the end of the lease at a pre-determined cost
- Leasing for up to 100% of the term price
- Fixed payments that can also cover soft costs
Fixed Price Purchase Option Leasing is good for customers who:
- Want to use the equipment and know the end-of-term buyout price upfront
- Desire the option to upgrade to a new model at the end of the term
- Are interested in a low monthly payment
Ownership Focused: $1 Buyout Lease
- Ability to own equipment at the term end, free of any security interest
- Preservation of bank credit lines and capital expenditure
- 100% financing is available and soft costs can be included
- Potential to write off depreciation and interest expense*
Ownership-focused leasing is good for customers who:
- Own the equipment at the end of the term free of any security interest
- Conserve capital budget funds
- Preserve bank lines of credit
- Have the predictability of fixed payments
New Equipment & Used Equipment
Browse our new & used equipment available for flexible leasing and financing.
Lease & Finance Industrial Sweepers & Scrubbers
Browse through our quality floor cleaning equipment available for leasing and financing
Benefits of Leasing & Financing Equipment
There are a variety of reasons to lease and finance needed equipment instead of buying. Explore our list of benefits to see if leasing and financing work best for you.
Your Capital keeps working for you
Leasing resolves the ‘equipment or capital’ dilemma. Because with leasing you get to use the equipment and your capital stays where it belongs: working for the business.
Your Equipment stays up-to-date
Your equipment usage or needs can change over time. Leasing equipment lets you expand your fleet or upgrade to the most current equipment as and when you need to.
100% financing available
Your lease may include the entire equipment costs plus insurance and maintenance. And leasing very often provides 100% financing. You simply make an advance rental payment, eliminating the need for a down payment or compensating balance on deposit.
You protect your credit scores
When you lease equipment, you’re not drawing on conventional credit lines. So, they can then be used for other, income-generating activities or investments.
Predictable budgeting
The lease you sign remains fixed at that price and that rate for the duration of the term. This means you can budget your operating expenses with confidence and better align the cost of the equipment with the revenue it generates.
There may be tax advantages*
With a Fair Market Value lease or Fixed Price Purchase Option, businesses may be able to claim monthly payments as expenses. With a loan or $1 Buyout lease, businesses can potentially write off depreciation and interest expense.
Replacing equipment is easier
With leasing, you’re only responsible for the equipment during its lease term (unless you choose to purchase the equipment at the term’s end). This eliminates the hassle of selling or storing the equipment at the end of its economic life cycle.
Why Chose Morrison to Lease Quality Material Handling Equipment
Providing reliable, timely, professional service to our customers comes first. It’s not a sideline; it’s our core business.
Explore Morrison’s flexible financing and leasing noptions to find the best plan for your warehouse and business needs.