Ridgid 960 Portable Roll Groover (catalog 91207)

At NuCorp Financial Services, we make leasing as easy as 1-2-3! Most applicants can be approved up to $75,000.00 with a simple one-page application.

Step 1
Client expresses interest in leasing the equipment from the equipment vendor. Client completes the NuCorp Financial Services Equipment Application and returns it to NuCorp via fax or email.

Step 2
Lease Consultant processes the application and calls the client to go over the terms of the approval. Upon a verbal agreement on terms, a lease proposal is sent to client. Once lease proposal is returned, the lease documents are prepared and sent out to client.

Step 3
Client sends back the lease documents and NuCorp reviews the documents and completes verbal verification. Once verbal is completed, the lease is funded and commenced. A check is sent out overnight to the equipment vendor.

Download the Nucorp Equipment Lease Application here

What Are The Benefits of Leasing?

Leasing Conserves Capital. Leasing eases the strain on working capital by providing 100% financing. This means that your client has more money available to invest in profit generating activities. It converts a large cash sale price into a low, affordable, tax-deductible monthly payment. Rather than tying up their bank line of credit or using cash operating funds, leasing allows an additional source of capital for equipment. Taxes, delivery, service contracts and other soft costs not typically financed by a bank can also be included in the cost of the lease.

Tax Benefits. Lease rental payments are made from pre-tax rather than after-tax earnings. Lease payments may be fully deductible, consult an accountant. The cost of leasing is an operating expense, and is therefore tax deductible for the life of the lease. This is usually shorter than the normally allowable depreciation schedule. In most cases, tax benefits of a lease transaction are more beneficial to a company than an outright purchase.

Fixed Rate Lease Payments. No variable interest rates here. Fixed payments enable a lessee to more accurately predict equipment costs and cash needs.

Avoid Obsolescence. Buying promotes keeping equipment far beyond its useful life. Out-dated equipment is often shuttled downstream or stored away until it is less than worthless (sold for less than the costs of selling). Equipment leasing protects your clients company from having to keep obsolete equipment. Trade-in, add-on and upgrade capabilities allow your clients to make the needed adjustments as your business grows.

Please call our professional leasing/Financing agent Jesse Zuckerman for any questions
949-273-6383 Ext. 119