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Proven solution for your company capital requirement 1

Today Leaders in every industry perform sale-leaseback transactions to unlock the

value of real estate to improve their  balance sheet and realize tax benefits.

Since sale-leaseback transactions also retain control of prime locations,

industry experts now see a rush toward leased properties and sale-

leaseback transactions that include entire portfolios. 

Other benefits of lease back financing include;

Improve the Bottom Line: The proceeds from sale-leasebacks are included in the profit

and loss statement.

Improve the Balance Sheet: The proceeds from a sale-leaseback transaction can

reduce debt.

Elevate Operations: Organizations that focus sale-leaseback proceeds into operations

may see dramatic improvements in operations efficiency.

Report Profitability: Companies that convert non-earning assets into investment

capital often show improved profitability.

Focus on the Core Mission: Sale-leaseback transactions allow the owner to focus on

the core mission rather than the real estate portfolio or facilities operations

What is this lease back arrangement. It is simply  an arrangement where the seller of an asset leases back the same asset from the purchaser. In a leaseback arrangement, the specifics of the arrangement are made immediately after the sale of the asset, with the amount of the payments and the time period specified. Essentially, the seller of the asset becomes the lessee and the purchaser becomes the lessor in this arrangement.

So consider the options and carefully choose your technology to gain a competitive advantage

The Pros and Con of Leasing

The pros of leasing or renting equipment:

• There are definite advantages to getting the equipment that you need without having to pay the full cost of the product up-front. Borrowing money or using what could be limited amounts of liquid assets could mean a lot of trouble for your company if making those payments or needing to use liquid assets ever became an immediate concern.
• When you pay for equipment over a period of time and with a fixed interest rate, your company can better forecast your cash flow needs. This means fewer unexpected expenditures and a more control over your ability to match equipment payments with your monthly income.
• Businesses can usually deduct the full cost of lease rentals from taxable income. On "long fund leases" you can also claim capital allowances on the cost of the asset.
• In some leasing contracts that leasing company will accept responsibility for the maintenance of the equipment being leased, saving you money if that equipment were ever to break down. The leasing company will also usually get better deals on replacement parts and labor in the event that you do have to pay for a repair.

The cons of leasing or renting equipment:

• There are tax disadvantages to not actually owning the assets in your possession. For example, you can't claim capital allowances on the leased assets if the lease period is for less than five (and in some cases 7) years.
• When you lease an asset you do not own it. There will be situations when you will be offered the option of buying the equipment at the end of the lease agreement but this option is not necessarily a guarantee. Not owning your equipment puts you at the mercy of the leasing agency if for any reason they need repossess the equipment that is being leased out.
• When taking out a lease you may have to put down a deposit or make some payments in advance. There is also the possibility that only certain pieces of equipment may be leased while others can only be purchased (it is usually the newest models available for lease and the older models that are only available for purchase). This situation could turn out to be more expensive than if you were to buy the assets outright.
• With a lease or rental agreement your business can be locked into inflexible or long-term agreements, which may be difficult to terminate. Also some leases are based on variable interest rates. This means that your monthly payments may increase after a while. All of these factors can easily contribute to the argument that leasing agreements can be more complex to manage than simply buying at the onset.

It is important that as managers you carefully weigh these pros and cons of leasing manufacturing equipment before making a final decision. It is also important to work with leasing agencies that you can trust will be honest and straightforward with you when it comes to the terms and agreements of the lease that you are considering. Having the right information and asking the right questions are important as you look at the equipment leasing pros and cons for your manufacturing plant.

Culled from  http://businessknowledgesource.com/manufacturing/a_look_at_equipment_leasing_pros_and_cons_for_manufacturing_025886.html

Solution for capital requirements 2

Finance agreements are not just ways for us to purchase items we can’t afford to pay for with cash, or don’t want to wait and save up for. While a lease or a hire purchase agreement can see you driving away in a new car with little or no deposit, there are other advantages to such finance agreements. The most common form of lease or hire purchase agreement is for a vehicle, as this is something most of us will finance at some stage in our lives, and there can be a better option than a personal loan.
Features and Benefits of a Lease
Leasing allows you to drive a bigger, better, newer vehicle more often, with a smaller financial commitment than a personal loan, because you are only paying for the portion of the car you are using during the lease term. Typical features of a car lease include:

• A term between three and five years. You can choose the term of your lease based on the financial commitment you want to make each month, and how often you want to upgrade your vehicle.
• Initial costs. Before you can drive away in your leased vehicle you will often need to pay the first month’s rental amount, and the on road costs. While the on road costs can be added to the finance amount in some cases, they include the stamp duty and the registration fees.
• Repaying only what you use. The monthly repayments of a lease are calculated on the vehicle’s depreciation during the lease term.
• Must have a balloon. The balloon payment reflects what your vehicle is expected to be worth at the end of the loan term, so the sale of the vehicle should pay out your balloon. With a lease you must set a balloon amount, for example a 3 year lease may have a 45% residual balloon, a four year lease could have a 35% residual and a 5 year lease may only be able to have a 25% residual.
• Higher insurance costs. The cost of insuring a leased vehicle as opposed to one you own outright can be higher.
• You can keep the vehicle. At the end of the lease term you are able to make an offer on the vehicle to buy it, and this amount will need to come from your pocket.
• Vehicle value. You may also have to pay an amount out of your pocket if there is a difference between the residual value and the market value of the vehicle at the end of the lease term. This could be due to unexpected wear and tear on the vehicle, or higher miles which diminish its value.
• Limited miles. A lease may impose a limit on the number of miles you can travel during the lease term and the more miles you drive, the more expensive your lease can be. In some cases there are additional charges payable at the end of the lease if you go over the limited miles. At the same time, the more miles a vehicle has done, the lower its resale is so even if your lease has unlimited miles, keep your residual value in mind.
• Tax benefits. You are able to claim the monthly lease repayments as a tax deduction, based on the percentage of business use the car is getting. You can also claim the ongoing running expenses of the vehicle such as fuel and maintenance.

Features and Benefits of a Hire Purchase
When you enter into a hire purchase arrangement, your financier is agreeing to purchase equipment – or a vehicle – on your behalf, and then hire it back to you over a set term. This means you have the use of the vehicle during that term, but don’t own it. Other features of a hire purchase include:

• A loan term of between three and five years. As part of the hire agreement you can choose how long you want to hire your vehicle back for.
• You own the vehicle at the end. At the end of a hire purchase agreement, once you have made your final payment and any balloon payment you implemented, the vehicle is automatically yours.
• Upfront costs. When you first enter into a hire purchase you will need to make an initial loan payment and pay a deposit, stamp duty and registration fees. In some cases you can negotiate that some of these fees be added to the hire amount.
• Full monthly repayments. The monthly repayments due on your hire purchase will be calculated on the total amount of the purchase price, plus interest charges, duties and other loan fees.
• Do you want a balloon? With a hire purchase you can choose whether or not to have a balloon payment due at the end of the loan term. Having a balloon payment will lower your monthly repayments, but this amount will be payable at the end of the term, and you need it to correlate to the market value of the vehicle at the time.
• More expensive insurance. When you are hiring a vehicle rather than buying it outright, your insurance company can often impose higher premiums.
• Keep, sell or refinance your hire purchase. At the end of the hire purchase term you can keep the car after you make your final payment and pay out any balloon. You can also sell or trade in the vehicle, but the risk of dropping value now become yours. Or you can refinance the balloon amount over a new term if you want to keep the vehicle for a few more years.
• Unlimited miles. There are no limits to the miles you can put on the clock with a hired vehicle, but just keep in mind that the more miles the vehicle has, the lower its value will be at the end of the hire term.
• Tax benefits. With a hired vehicle you are able to claim depreciation of the purchase price, plus the interest charges on your loan, and the ongoing running costs of the vehicle, based on the percentage of business use.

Using a lease or hire purchase is pretty much like a buying your house using a home loan. It can have advantages, but it does cost money!
 http://businesstalky.com/2011/02/finance/lease-vs-hire-purchase-which-is-the-best-option/
culled from 

Difference between lease and loan

Lease J: A lease requires no down payment and finances only the value of the equipment expected to be depleted during the lease term. The lessee usually has an option to buy the equipment for its remaining value at lease end.	Loan L: A loan requires the end user to invest a down payment in the equipment. The loan finances the remaining amount.
Lease J: The leased equipment itself is usually all that is needed to secure a lease transaction.	Loan L: A loan usually requires the borrower to pledge other assets for collateral.
Lease J: A lease does not contain restrictive covenants that limit the lessee's ability to borrow future funds.  As long as the lessee is current with the terms and conditions of their lease, the lessor can not disrupt the lessee's use of the equipment or demand payment in full of the outstanding lease payments.	Loan L: A loan agreement usually includes restrictive covenants that require the customer to maintain certain financial ratios that may restrict the customer's ability to borrow future funds.  In the event the customer violates one or more of the covenants, the lender has the right to demand payment in full of the outstanding loan amount even though the loan payments have been made on time.
Lease J: A lease requires only a lease payment at the beginning of the first payment period which is usually much lower than the down payment.	Loan L: A loan usually requires two expenditures during the first payment period; a down payment at the beginning and a loan payment at the end.
Lease J: The end user transfers all risk of obsolescence to the lessors as there is no obligations to own equipment at the end of the lease.	Loan L: The end user bears all the risk of equipment devaluation because of new technology.
Lease J: When leases are structured as true leases, the end user may claim the entire lease payment as a tax deduction. The equipment write-off is tied to the lease term, which can be shorter than IRS depreciation schedules, resulting in larger tax deductions each year. The deduction is also the same every year, which simplifies budgeting (Equipment financed with a conditional sale lease is treated the same as owned equipment.)	Loan L: End users may claim a tax deduction for a portion of the loan payment as interest and for depreciation which is tied to IRS depreciation schedules.
Lease J: Leased assets are expensed when the lease is an operating lease. Such assets do not appear on the balance sheet, which can improve financial ratios.	Loan L: Financial Accounting Standards require owned equipment to appear as an asset with a corresponding liability on the balance sheet.
Lease J: More of the cash flow, especially the option to purchase the equipment, occurs later in the lease term when inflation makes dollars cheaper.	Loan L: A larger portion of the financial obligation is paid in today's more expensive dollars.
culled from http://www.cr-ny.com/loanvslease.html

Other benefit of leasing over Buying

Lower total cost of ownership (TCO) over the life of the solution
A lease lets your clients realize considerable savings compared to an outright purchase or scheduled purchase payments, because they pay only for the use of the equipment. Leasing also helps reduce the concerns and costs associated with equipment disposal.
More flexible payment options
Different payment structures can be tailored to fit your clients' specific needs. For example, periodic payments can be structured to increase, decrease or stay constant over time.
Faster implementation
Buying capital equipment often involves a lengthy budget approval process. Choosing leasing can help shorten the process, accelerating the implementation of the solution.
Reduced risk
At the end of the term, leasing gives your clients the option of simply returning the equipment, purchasing it outright or extending the contract, making it easier to cascade, upgrade or dispose of their equipment.
Minimized impact on capital budgets
Leasing is a great way to minimize the impact on your clients' capital budgets, since month-to-month payments usually come out of their cash budget.
Better protection against technology obsolescence
When your clients purchase, they typically depreciate the asset over a period of three to five years. Leasing eliminates the risk of needing to dispose of the asset prior to writing off its book value. It also eliminates equipment disposal headaches or trying to sell equipment on the secondary market. Clients often underestimate the challenge of disposing of outdated computers, a process that frequently involves logistical, legal and environmental issues. By offering your clients flexible mid-lease and end-of-lease options, they have the opportunity to upgrade equipment and take advantage of technology developments.
Easier asset management and disposal
For qualifying clients, IBM Global Financing can greatly streamline the task of asset tracking, which is required to maintain information on the equipment's physical location, upgrade status, warranty and maintenance. Tracking dozens, hundreds or thousands of devices across state and country borders can entail enormous effort and expense. Automated tracking tools provided by IBM Global Financing can help qualifying users manage their portfolios with less effort and cost.
Leasing vs. Purchasing -- Objections and Responses
We've prepared a document that looks at the most common reasons clients cite for wanting to purchase instead of lease, and explains why many of those reasons just can't compare to the real financial and technological benefits of leasing. (more)

Benefit of leasing over buying

	The question every entrepreneur  have to come to terms with is. That though the prospect of avoiding interest and financing charges by paying cash is pretty attractive to some clients. But cash isn't free. It's a limited asset, and there may be better ways to use it than tying it up in a depreciating asset. Keeping cash on hand makes it easier to seize a business opportunity before your competitor can arrange financing, or to weather a downturn that cripples your competition. By spending cash on assets, the client can also lose the tax advantages and residual-value benefits that leasing provides. (The residual value is the amount that the lessor can expect to recover by selling the asset after the lease ends.) Ultimately, using cash to invest in their business provides returns that are far higher than the interest rate of a lease.
	Even is the thinking is that owning is cheaper. The truth remains, the cost of cash is usually higher than the debt rate. Cash is a scarce asset on the balance sheet, and a reasonable position is to use the Weighted Average Cost of Capital as the discount factor. Even if the entrepreneur believes today that the equipment will be kept for a long time, a lot of things can change. A 36-month fair market value (FMV) lease preserves substantial future flexibility at little or no additional cost.