We tailor all leases to the needs of our customers, and lease both new and used equipment.
Category: Misconceptions
Getting approved is too difficult.
While having good credit will definitely increase your approval possibilities, we also take into account your time in business and comparable business credit. Castle Group Leasing has a very high rate of credit approval.
Leasing is too complicated.
Leasing is more widespread than ever, and we make it simple at Castle Group. There is currently more than $103 billion of financing in place with Canadian businesses and consumers, and the asset-based financing industry is the largest debt financing provider after traditional lenders. In most cases, applying for and receiving lease financing is easier than receiving bank financing.
Leasing is for people who can’t pay cash or get traditional financing
Not true! The reason many people choose leasing is based around the fundamental idea of “lease what depreciates, buy what appreciates.” For many businesses, operating capital is essential and worth more invested in the business than in equipment. In most cases, leasing costs less than traditional financing methods and the tax advantages often lead to lower monthly payments.