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Leasing provides: Tax advantages Conservation of working capital Leasing is: A hedge against inflation Cost effective Flexible A protection against equipment obsolescence An alternative method of acquiring capital equipment |
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| Application
Only Program This leasing program is designed for transactions located in the continental United States and valued from $10,000 to $75,000. The Application Only Program utilizes the web for instant access for a lease quotation. Only a completed Credit Application is needed in order to submit this transaction for formal credit approval. The credit application can be accessed by clicking here or on any of the Credit Application tabs on any page of this web site. Complete the Credit Application Form on-line or download the application to be completed off line and faxed to ELEX at 609-654-9531. You will be notified within 2 business days of your credit approval. (top of page) |
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| Part
Pay / Middle Market Program This leasing program is designed for transactions located in the continental United States and valued above $75,000. Our Part Pay /Middle Market Program is unique in that it allows you to only pay for that portion of the equipment's economic life that you use. Your rent is tax deductible and by selecting the Part Pay / Middle Market Program you can avoid the Alternative Minimum Tax. Each transaction is custom tailored to satisfy your specific financial needs and can be structured as an off balance sheet transaction, thus not affecting your bank lines of credit. We will finance all of your installed or on-order equipment, including soft costs. You can select the term of the lease, and the end of lease option you need. You have the ability to early terminate all or a portion of the equipment under lease without penalty. In addition you may sublease, and/or add additional equipment. You can select the options and tailor the lease to maximize your savings. For details, contact us by email at or complete the lease quotation section of this web site. (top of page) |
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| ELEX Leasing
Program Benefits Off Balance sheet financing Operating or Capital Leases Early Termination Options (Complete or Partial) Upgrades Additions |
Subleasing Fixed or Variable rates Variety of End of Lease Options Purchase Renew the Lease Return the Equipment |
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| Capital
& Operating Leases There are two types of leases, a capital lease and an operating lease. The Financial Accounting Standards Board Statement No. 13 – Accounting For Leases (“FASB13”) has published criteria to determine if a lease will be classified as a capital lease or an operating lease. “FASB13” stipulates that “a capital lease shall be recorded as an asset and an obligation on the lessee’s financial statements…” but “… the rental on an operating lease shall be charged to expense over the lease term as it becomes payable…” There are certain tax and financial ramifications to the lessee that will determine the type of lease they need. Consequently, if the lessee uses a capital lease, they will be required to list the lease as an asset on their books and the outstanding lease payments as long term debt. This affects their future borrowing ability and increases their debt to equity ratios. If the lease is classified as an operating lease, the asset and long term debt are kept off the lessee’s books. (i.e. off-balance sheet financing). The lease payments are listed as an expense item and no long-term debt appears on the lessee’s books. At ELEX, we have the ability to write both capital and operating leases
for our customers. We help the lessee match their financing needs with their balance sheet concerns.
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