Provided you have an acceptable payment history and there is no adverse change to your credit profile, new equipment can often be added to an existing lease.
At Castle Group, credit approval is determined by a number of parameters, including the length of time you’ve been in business, references from your bank and credit ratings.
The money you could borrow to purchase the equipment will often earn higher returns than the cost of the lease payments, making leasing a sound financial choice. You can also “expense” your lease payments, offering a substantial tax benefit.
Any party using the equipment for business or commercial needs can lease. This includes companies, corporations, associations, proprietorships and self-employed individuals. Castle Group does not lease equipment for personal use.
Leasing, in its simplest form, is an agreement allowing an individual or business to pay “rent” during a scheduled time period to use a piece or selection of equipment. At the end of the lease, the party leasing the equipment has the option to purchase the equipment, renew the lease or return said equipment to Castle Group Leasing.