Leases usually require smaller initial deposits and allow taxes to be paid monthly. The funds normally used for the purchase of equipment can be re-invested in other areas of your business.
Lease payments are normally a fixed amount monthly, which allows for easier budgeting.
As your equipment becomes obsolete, it is possible to trade up to current technology at any time during your lease, often with a minimal change to your current monthly payments.
Lakes Leasing Corp (LLC) is a division of the Chisolm Group of Companies (CGI) and has been active in the commercial equipment leasing field for over 20 years. What makes us so unique is our ability to provide our customers with the ultimate financing package, whether they operate as a single owner-operator or a large corporation.