Picture this – you’re sitting at your desk trying to provide incredible service to your customers, but your computer is on the fritz and is holding you back. Moments later, your Canlease agent reminds you that the lease on your computer system is nearing expiry. You review your options together and in a matter of days, you’ve leased a brand-new computer system with the latest features to give your customers the service they deserve. No lost time and the experience was way too easy!
No matter what equipment you’ve leased, this type of scenario can also be true for you with the help of Canlease. As equipment financing experts, our on-the-ball agents don’t just assist you in the initial stages of setting up your equipment lease – we’ll also help guide you through your lease-end options:
Early buyout
As the saying goes, “If it ain’t broke, don’t fix it.” Some of your leased equipment might still be perfect for you as your early buyout approaches. An early buyout option simply means you’ll pay the early buyout option of 10% (per your lease contract) and just like that, the lease is completed. To stay ahead of the game, it’s always best when you start a lease to note your early buyout date in your calendar.
End-of-lease buyout
Some leases are structured so that when the full term of your lease is complete, and you still want to purchase the equipment, an equipment buyout would likely be your best option. You can purchase the equipment once the leasing period is complete and the buyout value (fair market value) is agreed upon.
Equipment return
During the timespan of your lease, a lot can happen to your equipment. After going through daily wear and tear, your equipment might not work as well as it did at the beginning of your lease. With an equipment return, you simply return your equipment at the end of the leasing period through the leasing company, then our leasing experts can assist you in starting a new lease for the equipment that better suits your needs.
Want to discuss your lease-end options? Canlease has you covered. Chat with one of our experienced leasing experts today.
At Canlease, we want you to save your most valuable resource – time! That’s why we’ve designed our online equipment financing experience to be fast, convenient and easy.
Read MoreIs your equipment lease ending and you are interested in what options you can take? As equipment financing experts, our on-the-ball agents don’t just assist you in the initial stages of setting up your equipment lease. We are here for the entire journey of your lease, start to finish. Here is a helpful guide to your lease-end options.
Read MoreIf you’ve applied for a no-obligation lease payment quote online, you may be wondering what’s next. First, rest assured that you’re in good hands, because we make your business OUR business and want you to succeed.
Read MoreMaking mistakes is part of being human, but even the smallest errors can be detrimental to your business. Here are top 5 mistakes entrepreneurs should steer clear of.
Read MoreAt Canlease, we’re all about saving your business money. When it comes to construction equipment, here are three best practices that have helped Canlease clients and can help you save, too.
Read MoreIf you are a business owner who continues to coach a sales team remotely, here are 4 tips to help break down the virtual selling barrier in a B2B environment.
Read More