Winnipeg Equipment Leasing

Are you a business owner that is looking to obtain all of your equipment in one shot? Or, do you need to start up your business or upgrade your existing equipment but do not have the capital or credit to do so right away? If so, you are likely in need of a professional equipment leasing company that can offer you suitable and affordable alternatives to obtaining the necessary equipment.
Equipment leasing companies are able to offer select financing and leasing options so that you can make the best decision possible when it comes to investing in the equipment you need to fulfill your business needs or maintain efficiency in your company.

About Us
Winnipeg Equipment Leasing provides superior equipment leasing and lease financing services to our valued customers in the Winnipeg area. We know that you have many options when it comes to choosing the right company that can adequately assist in leasing or financing expensive equipment on your behalf, which is why we take a different approach and put the customer in focus at all times. Whether you are looking for construction equipment leasing, medical equipment leasing, or office equipment leasing, we are here to answer all your questions and make your experience with us as welcoming and convenient as possible.

Our Services

Our unique range of quality equipment leasing services was designed with your needs in mind. We continue to help a variety of businesses across several industries, enabling companies to obtain the expensive equipment that they need immediately and without having to break the bank doing so. We know that it can be challenging to find the right company that gives you suitable financing and leasing options, but we are here to make it less difficult to obtain high-quality equipment that you need to keep your company growing, and we do so with a friendly smile and respectful professionalism.

Construction Equipment Leasing

Construction equipment leasing is provided to construction companies that are looking to get a head-start on their next building project. Investing in heavy equipment upfront can be quite challenging and expensive, but without the equipment, construction companies are unable to fulfill their jobs. This is where our services for heavy equipment leasing come in! We are able to offer extensive construction equipment leasing that is both affordable and suitable for your next building project.

Medical Equipment Leasing

Medical equipment can be very expensive to purchase but it is an industry that always has-up and-coming and technology that needs to be utilized for optimal patient care. We offer medical equipment leasing to clinics and medical professionals so that they can have state of the art medical equipment at their disposal. Some of the medical equipment that we assist in leasing includes respiratory machines, pumps, monitors, and heart defibrillators.
“After I had just moved to the Winnipeg area, I needed to get a head-start on my business as well. I had always leased my equipment in the past and needed to find another company that could offer me similar services in Canada. I finally came across Winnipeg Equipment Leasing, who provided equipment leases, equipment financing, and much more. They were so nice and welcoming and honestly had all I needed!” – Stephanie T.

Manufacturing Equipment Leasing

Manufacturing equipment, like industrial and construction equipment, is also incredibly expensive to purchase outright but can hinder any company from adequately fulfilling its job. Much of the manufacturing equipment that we assist in leasing include industrial machinery, distribution machinery, and other types of machinery that are easy to operate and reduce the need for hazardous manual labor.

Office Equipment Leasing

Office equipment leasing is available to commercial office spaces or privately-owned offices, where employees require practical and electronic items to complete their job efficiently. Some of the items that we finance and lease for office spaces include everything from copy machines to fax machines to even desks and chairs. All of our office equipment is ergonomically designed so that your employees are both comfortable and productive when using our equipment.
“My family has owned a farm for many decades and continues to utilize Winnipeg Equipment Leasing for the latest technology when it comes to farm equipment leasing. Their services allow us to try out the machinery before we buy it with financial leases, as well as affordable payment plans so that we can lease to own it in the future.” – Leslie R.

Farm Equipment Leasing

Farm equipment leasing enables large and small farms alike to obtain expensive machinery that cultivates the land or the agriculture that they specialize in. We offer farm equipment leasing to farms of all sizes and in all industries so that the harvest season is made easier and more products are successfully farmed, collected, and later distributed.

Industrial Equipment Leasing

Industrial equipment leasing services can enable a variety of industries to obtain expensive and heavy-duty equipment upfront in order to complete their job to the highest standard. Some of the industrial equipment that we typically lease includes manufacturing equipment, packaging and storage equipment, distribution equipment, and assembling machinery and equipment.
“As a regional manager for a corporation, we are always looking for a leasing company that can offer us heavy duty leasing in conjunction with manufacturing equipment leasing. We rely on companies like Winnipeg Equipment Leasing, because of their professionalism and years of experience in the leasing industry. They’ve been a pleasure to work with and offer great leasing options and equipment solutions!” – Dave G.

What Is Leasing?

Leasing is an alternative to paying cash, using your line of credit, or applying for a loan or other types of financing when acquiring equipment or machinery for your business. Leasing is similar to renting because, in many cases, you don't actually own the equipment. Instead, you make regular payments to use the equipment. Depending on how the lease is structured, you may end up owning the equipment at the end of the lease term. Leases can be structured in many different ways to fit both your businesses needs and budget. Whether your business is seasonal or busy year-round, we can find a solution that fits.

Many lease contracts can be completed quickly through phone and/or email and with no upfront costs.

Leasing can be used to acquire new or used equipment. The equipment can be acquired from either a Dealer or through a private sale. Also, If you already own equipment,  you may be able to turn your asset(s) into cash through a type of lease contract known as a Sale and Leaseback. This is where a leasing company buys your asset from you and then leases it back to you so that you can use the extra cash for other, more profitable things. Because the equipment you need to operate your business depreciates in value as it ages, leasing is usually the smartest way to acquire equipment from a financial standpoint.
Winnipeg Equipment Leasing is a leasing company committed to bringing value to our clients that goes beyond just providing lease financing.

Why You Should Lease Your Business Equipment

In business, the goal is to bring in the most amount of money possible while spending the least amount of money to do so. The equipment that you use to operate and grow your business does not increase in value as you use it, so why would you spend more money than you have to to acquire it?

There are many advantages to leasing equipment rather than paying cash, using your line of credit or arranging a loan. Here are some of them:

Tax Benefits and Savings
  • In most cases, when you lease equipment for your business, your lease payments are 100% tax deductible because they are an operating expense for your business. This means that the payments reduce your businesses taxable income amount and therefore you'll pay less income tax.
  • No matter how you acquire your equipment, you're going to have to pay sales tax (GST, HST and/or PST). If you pay cash, use your line of credit or finance the purchase with a loan, the entire tax amount is added to the total purchase amount at the time of purchase. When you lease your equipment, the tax amount is spread out over the total number of payments.

Lower Payments
  • Get the equipment you want and need rather than having to settle for what you can afford.
  • Depending on your budget, you may not be able to purchase the equipment you really want and need for your business because you may not have the cash on hand or the loan payments may be too high if you were to finance it. If that's the case, you'll have to settle for cheaper equipment which may limit your productivity or may prove to be unreliable.
  • Lease contracts can be structured in many different ways so that you can get the equipment you want and need at a payment that fits your businesses budget.

Speed Of Acquisition
  • Time is money when it comes to business...and leasing is quick. A lease contract can often be approved within a day or two so that you can keep your business moving. Bank loans are often a slow and drawn out process.
  • Leases often require no up front costs, so you can get the equipment you need NOW instead of having to wait for some receivables to come in to use for the down payment and other expenses related to loan financing.

Convenience
  • Lease applications and contracts can be completed by phone and email.
  • No need to take time out of your busy schedule to meet in person.

Increased Cash Flow
  • Keep more cash on hand for other, more profitable uses.
  • Cash flow is always a key to the success of any business. Leasing can help you maximize your cash flow position by allowing you to get the equipment you need with minimal up-front cost.
  • Many leases can even be done with little to no money down whereas loans usually require a significant down payment. With leasing, you can get the equipment you need when you need it and not have to wait until you have the cash or credit available.

No Added Debt
  • When you purchase equipment using a bank loan or a line of credit, it becomes a debt on your company's books which increases the debt/service ratios for your business and therefore will limit the availability of financing available to you for future purchases.
  • A line of credit is a very useful tool to manage the day to day and short-term operations of a business. If you tie up your line of credit by purchasing equipment with it, you could be putting your business at risk.
  • A lease is a monthly expense for your business.  You are not borrowing money. It is not a debt on your books so it will not reduce your borrowing strength and it will leave your line of credit available for regular use.

Accelerated Business Growth
  • You don't want to turn down jobs because you don't have the equipment you need to get it done. Growing your business is easier when you have the resources available to take on the extra work.
  • A lease is quicker and, in many cases, easier to get than a bank loan. The qualification process is more simple so that, even if you or your business doesn't qualify for a loan, you may still qualify to lease your equipment.

Flexibility
  • Leases can be structured in many different ways depending on your businesses needs. Whether your business is busy year round, seasonal according to the weather, or has varying high and low times, leases can be customized to meet your businesses requirements.
  • There are leasing options for both new and used equipment sourced from either dealerships or private sales.
  • Leases can be short or longer term depending on the equipment and your needs.

Keep Bookkeeping Simple
  • When you lease your equipment, the lease is simply a monthly expense for the business. You don't need to figure out how to properly depreciate the asset. This can make planning and forecasting much easier and more accurate.
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What Is The Process Of Setting Up A Lease?

The process of setting up a lease contract is easy.
  • First, you figure out what type of equipment you need
  • Then, contact Winnipeg Equipment Leasing and we will ask you a few questions about you and/or your business and discuss different leasing options based on your needs.
  • Next, we will shop around to find you the best rates and terms for your new lease contract.
  • Finally, once your lease is approved, we'll help you make arrangements to take delivery of your new or used equipment as quickly as possible so that you can start earning money from it!

What Is The Difference Between A Lease And A Loan?

Who Owns The Equipment?
  • Lease - During the leasing term, the leasing company (lessor) owns the equipment but depending on your lease contract, you may have the option to purchase the equipment at the end of the lease term at which point you will own it.
  • Loan - You own the equipment but the lender has a lien registered against it.​

How Do Payments Work?
  • Lease - With a lease, your payments are based on the percentage of the equipment's value that you'll be using...not necessarily the entire cost. That amount is then spread out over the number of payments you choose (term). Interest charges are added and sales tax is calculated on each payment. Lease payments can be structured to suit your desired repayment schedule and your businesses budget.
  • Loan - Sales tax is added to the full purchase price up front. Then the cost is spread over the term you choose and interest is added in. Loan payments are made consistently (usually monthly) until the entire balance is paid in full.

Down Payment
  • Lease - Leases usually require little to no money up front.
  • ​Loan - Usually 10-25% down payment is required.

Approval Speed
  • Lease - Get approved within a day or two in most cases
  • Loan - Usually several days or even weeks

Affect On Business Financials
  • Lease - When you lease equipment, you're not borrowing money, you're simply paying to use the equipment for a set period of time. Because you're not adding a debt, your borrowing power isn't affected. The lease payment is an expense that, in most cases, can be written off completely against your taxes.
  • Loan - When you finance the purchase of equipment for your business with a loan, you are adding debt to your financial situation and you are acquiring an asset for your business that must be depreciated through accounting. Because you're adding debt, you may not qualify for the next loan you apply for.

Call Us Today

If you are interested in learning more about our professional equipment leasing services or what we can do to ensure that you obtain the equipment necessary to fulfill your job, then be sure to get in touch with us today. You can easily do so by giving us a call using the service number that has been provided on our website. Through this number, you'll be able to speak with an equipment leasing specialist. If you’re looking to receive a free quote, you can also do so by completing the contact form on our homepage and we will get back to you as soon as possible with your customized estimate!
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