Thinking of acquiring some new equipment this year? Whether you are on the west coast of Canada or the east coast like I am, you are likely asking yourself the same questions about your lease term, payments, and overall structure for new or used equipment. In fact, business people across Canada are looking for ways to operate their fleets as efficiently and cost effectively as possible.

So, what do you need to consider when adding a new piece of equipment to your fleet? Here are a few things to consider both from a fleet and leasing perspective:

Additionally, these are really important things to be discussing with your Stride Capital leasing expert. Why, you ask? If someone is telling you what term and structure of a lease you should be taking and they are not asking a few basic questions, they really aren’t doing their job to set you up with the proper lease or structure required for your unique business.

Far too often, I have had clients request a 36-month term without a strategic reason beyond just wanting to pay it off as soon as possible. 

When discussing new equipment with our valued clients, I like to ask the following questions to see if I can provide some support for the financial side of their business:

These are all items you should be discussing when adding a new piece of equipment to your fleet. What if your business could have additional cash flow to buyout a local competitor? What if you could save money on your taxes by having a lease expense? Maybe you could add additional equipment and scale your business? 

Your Stride Capital Account Manager is here to help you achieve these goals with equipment financing. 

If you are in Atlantic Canada, get in touch with me any time to discuss your leasing needs.

Darren Aiken
Account Manager — Atlantic Canada
902.318.3404