Benefits of Financing VS Paying Cash
Let’s run through some of the benefits of financing your new or used equipment.
1. Conserve Capital.
Keep you cash on hand and use it for other business needs like payroll, inventory, or marketing.
2. Improve Cash Flow.
Spreading the cost of the acquisition out over time instead of one large lump sup upfront payment will preserve cash flow and lead to easier revenue generation.
3. Access Better Equipment.
Financing enables a business to acquire high end, advanced equipment that may be otherwise unaffordable. This allows them to stay competitive in their industry.
4. Tax Benefits.
In most cases, the equipment can be written off, lowering the customer’s tax liability.
5. Flexibility and Scalability.
Financing offers many flexible terms and repayment options. The allows businesses to choose the option that is best for their specific needs. Additionally, financing allows for easy upgrades and additions as the business grows.
6. Faster Implementation.
Financing can speed up the acquisition and implementation process, as it eliminates the need for internal budget approvals or the need for sufficient funds to become available.
7. Hedge Against Inflation.
By financing, a business can lock in the cost of the purchase at time of order, protecting themselves against future inflation.
Reach out to Epic Finance today to discuss these benefits more in-depth or to get started on a quick preapproval!