Anybody leasing their equipment?

[TrimPro]

Anyone leasing equipment? I'm considering it to keep refreshing with new equipment and use my cash to grow. Please share your thoughts.

[Richard Martin]

I am presently "leasing" an Exmark Metro 36" for 3 years. At the end of the 3 year period they will either sell me the machine for 1 dollar or I can give it back. Guess what I'm gonna do.

[John DiMartino]

I am leasing my 2000 Dixie Chopper xw2500,the no money down and $1 buyout are good if you dont want to spend your cash.Its for 3 years,and it costs about $20 more a month than buying,but the tax benefits out weigh that.<p>----------<br>John D<br>

[sdgoes]

John,<br>Hope you don't mind me asking, but want are the payments running.<br>thanks,<br>Steve

[cjcland]

i was going to ask the same question about the payments, also is there any waranty benifits from leasing? does your insurance cover leased equipment?<p>----------<br>CJC Landscape Management<br>Winter Haven, Florida

[FIREMAN]

i am currently leasing an exmark 52&quot; inch walk behind and an 8h.p. little wonder blower, both are good and i've never even had a hiccup from either, as for leasing, good for tax benefits if your income warrants the extra price of leasing , if you are a part timer straight financung may be a better option. leases require insurance on equipment for theft and such if you don't carry this coverage the leasing co. will sell it to you. as for warranty....manufacturers warr is all you'll get.

[TrimPro]

What leasing companies do you work with? Did you find them through the dealer or did you work directly with the companies? Are there some good national lease companies that specialize in this type of equipment? Sorry for all the questions. I've heard sometimes the dealer marks up the financing.

[Richard Martin]

I used Telmark 1-800-451-3322. The dealer has no control over the leasing terms Telmark provides you.

[HOMER]

Ditto on Telmark, I have 2 leases going with them right now! One is a balloon payment set-up and the other is set up on monthly payments.<p>Homer

[ZYAL8R]

how much are the payments? is it more the buying the machine out right? any down payments? how many hours do you get per year? who does all the maintenance?

[Richard Martin]

With my Telamrk lease you pay first and last up front. The lease runs for 3 years. You do the maintenance, you MUST have insurance on it or they will provide it for you and charge you for it. There are no limits on hours. Payments run a little over $100 a month. Yes, it does cost more than buying it outright but you get to either depreciate it over the life of the lease or you can take the full purchase price in one year.