FAQs
Here are a few FAQ’s that should help in understanding how leasing can benefit your organization:
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You only pay PST and GST on the monthly payment for your lease, not the entire unit.
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Monthly payments are a direct write-off against personal/corporate income, therefore, reducing your taxable earnings.
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New company applications can be approved based on personal credit and/or collateral.
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Action Leasing Does Not report to credit bureaus. This reduces your credit exposure and your debt servicing which allows you great borrowing power.
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We will lease between $10,000 and $300,000.
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You can terminate your lease early if you’re looking to upgrade or your business needs change.
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You can put extended warranties on commercial lease vehicles for up to 4 years and unlimited kilometers. This includes delivery vehicles.
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All maintenance is the responsibility of the Lessee.
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We lease in Northwest Ontario, Manitoba, Saskatchewan and Alberta.
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At the end of your lease, you can pay out the remaining balance and keep the unit; turn it back in and lease again; or extend your existing lease for up to 6 months.
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Lease payments are determined by interest rate, lease end residual value and term of lease.
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Lease-end residual values can be customized to fit most budgets.