Equipment Leasing Connecticut

Equipment leasing is when a business leases its equipment as opposed to purchasing the equipment outright. Equipment leasing can make sense in many scenarios, and this website will provide information to help you decide if you should lease or purchase equipment for your business in Connecticut.


1 . Local Companies

Bio-Med Devices
203 458-0202
61 Soundview Road
Guilford, CT
Genx International, Inc
203-453-1700
393 Soundview Road
Guilford, CT
Guilford Paper Company, Inc
203-458-2838
P.O. Box 151
Guilford, CT
Ram Technologies, LLC
203-453-3916
29 Sound View Road Suite 12
Guilford, CT
Guilford Rental Center, Inc
203 453-6569
2351 Boston Post Road Unit 205
Guilford, CT
Happy Days Vending & Rental
203 457-1874
7 Covered Bridge Drive
Guilford, CT
Tusk Direct Inc
(203) 790-4611
5 Trowbridge Dr
Bethel, CT
Ace Washing Machine Svce Co
(203) 637-0959
199 Sound Beach Ave
Old Greenwich, CT
Deluca Industrial Supplies Inc
(203) 327-2040
581 Hope St
Stamford, CT
Distec Inc
(203) 926-9510
90 Oliver Ter
Shelton, CT

2 . Equipment Leasing - Info

Equipment Leasing is very common among small businesses. In fact, statistics show that over eighty percent of small businesses lease most of their business equipment. Small businesses as well as individuals in Connecticut lease equipment for several different reasons, and almost always for less than $75,000 per year. Although large businesses and corporations can lease equipment that sometimes runs in the millions each year, there is a very large market for much less expensive Equipment Leasing.

Leasing business or personal equipment makes sense in a lot of cases, and can save businesses and individuals a tremendous amount of money in the right situations. Obviously, leasing does work in quite a few cases, because the equipment leasing business has been strong for many years, and continues to remain so. Banks, which have in past years tended to stay away from the leasing business, are now reconsidering this potentially profitable enterprise. Though not all banks have jumped on the bandwagon yet, more are more are starting to each year.

Some owners of new small businesses who are just starting to build their business equipment inventories are new to leasing. They need to learn the ins and outs of leasing, as well as the reasons why leasing may be better than buying their business equipment outright. Business and personal equipment leasing is more than just making a phone call, choosing the equipment, and signing the papers. There is a certain amount of research that needs to be done, and all contracts and legal issues need to be investigated carefully.

3 . Who Leases?

The kinds of businesses and individuals that lease equipment for under 75K per year can vary widely. First of all, there are individuals in Connecticut. These can be people who have hobbies that require having heavy equipment for certain periods of time, such as those who restore antique automobiles or are working on major home remodeling projects. Leasing equipment to individuals makes up just a small percentage of the profit for leasing companies, however. Most major leasing companies focus on businesses, and for many of these companies, this is their sole focus.

Equipment Leasing under 75K per year is almost always done by small businesses in Connecticut. These can include such businesses as building contractors, small electronic companies, temp agencies, small newspaper publications, or restaurants. Many times, especially when a small business is fairly new, it makes more sense to at least start out leasing business equipment. Sometimes new small business owners want to see how things will pan out for their new enterprise for a certain period of time, such as a year. In this case, leasing makes a lot of sense, not only while waiting to see if a business will be successful, but also seeing if the type of equipment needs to be changed to something different. Being cautious, however, is not always the reason for leasing, as many small businesses continue to lease their equipment for many years.

4 . Why Leasing Instead of Buying?

What is the actual advantage of Equipment Leasing instead of buying it? There can be several reasons. Many small businesses in Connecticut have to watch their overhead, as they usually have a tight budget to work with, especially when just starting out. Although comparing buying business equipment to leasing business equipment is always the prudent thing to do, most small businesses find that leasing will save them money - in the short and the long run. Some business equipment is an investment only in the fact that it helps a business run efficiently and become successful. Just like an automobile, however, the value of many types of business equipment will begin to depreciate the moment they are purchased. This is partly due, of course, to simple wear and tear. It is also due, though, to technology. Some business equipment can be updated up to a certain point, but there will come the time when it will be rendered almost obsolete by technological progress. Unfortunately, this can often happen before the equipment has reached the end of its normal life span. Having to replace business equipment is costly, and becomes even more costly when a business cannot sell or trade in their old equipment for anywhere near a reasonable price.

Leasing, however, can help small businesses avoid this problem. Businesses that need production machinery or technical office equipment can benefit from leasing. For one thing, leasing seldom requires a down payment, and leasing payments are generally lower than mortgage-type payments. This is because they are not usually subject to high interest payments, and are usually spread over longer periods of time. Leased equipment can be updated on a regular basis as needed, and the old equipment can simply be returned to the leasing company, making it a simple and efficient process.

5 . Featured Local Company

Bio-Med Devices

203 458-0202
61 Soundview Road
Guilford, CT
http://www.biomeddevices.com

Regional Articles
- Equipment Leasing Ansonia CT
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- Equipment Leasing Branford CT
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- Equipment Leasing Cheshire CT
- Equipment Leasing Danbury CT
- Equipment Leasing East Hartford CT
- Equipment Leasing East Haven CT
- Equipment Leasing Enfield CT
- Equipment Leasing Glastonbury CT
- Equipment Leasing Greenwich CT
- Equipment Leasing Groton CT
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- Equipment Leasing Hamden CT
- Equipment Leasing Hartford CT
- Equipment Leasing Manchester CT
- Equipment Leasing Meriden CT
- Equipment Leasing Middletown CT
- Equipment Leasing Milford CT
- Equipment Leasing Naugatuck CT
- Equipment Leasing New Britain CT
- Equipment Leasing New Canaan CT
- Equipment Leasing New Haven CT
- Equipment Leasing New London CT
- Equipment Leasing Newington CT
- Equipment Leasing North Haven CT
- Equipment Leasing Norwalk CT
- Equipment Leasing Norwich CT
- Equipment Leasing Plainville CT
- Equipment Leasing Ridgefield CT
- Equipment Leasing Rocky Hill CT
- Equipment Leasing Shelton CT
- Equipment Leasing Simsbury CT
- Equipment Leasing South Windsor CT
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- Equipment Leasing Southington CT
- Equipment Leasing Stamford CT
- Equipment Leasing Storrs Mansfield CT
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- Equipment Leasing Trumbull CT
- Equipment Leasing Vernon Rockville CT
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- Equipment Leasing Waterbury CT
- Equipment Leasing West Hartford CT
- Equipment Leasing West Haven CT
- Equipment Leasing Westport CT
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