News Head Office Sudbury, Ontario

Money in Motion Inc is proud to be a sponsor of Pierre Cinq-Mars' winning truck. Congratulation Pierre, you are a valued client.

Aug 20: Staff at Sudbury head office celebrated birthday of President, Alf Chisholm

Happy 51st birthday Alf

Maxwell Desjardins was sponsored by Money in Motion for a walk to cure diabetes, here in Sudbury.

MIM recently financed truck and trailer units for National Transportation, Sault Ste Marie.

Sudbury

We are excited to welcome James Hogan to our sales team. Jim comes to MIM with a banking background and will be servicing Central & Northern Ontario.

Toronto

We are excited to welcome Kurtis Chisholm to our sales team. Kurtis, who is Alf & Susan's son has worked for MIM part time for many years and just finished obtaining his MBA in Boston, USA. Kurt will be looking after our south western Ontario clients.

Ottawa

We are excited to welcome Tyler Wuorinen and Lee Warrysh to our sales team. Tyler & Lee come to MIM with a banking background and will be servicing Ottawa area.

Thunder Bay

We are excited to say that our Thunder Bay operations are expanding and will be hiring again soon......Pete has also booked one of the first deals MIM has ever done for a large USA manufacturer of scrap metal bailing equipment....Good selling Pete.

Sheppard Mullin Adds Finance Team in New York
Market Wire (press release) - USA
... commercial transactions and has significant expertise in legal services to the finance industry, particularly with respect to equipment leasing companies and ...

Greater Community Bancorp Declares $0.13 Cash Dividend
Business Wire (press release) - San Francisco,CA,USA
... The Company through its banking subsidiary, Greater Community Bank, owns an equipment leasing and financing subsidiary, Highland Capital Corp. ...

Big plans to expand
Standard-Examiner (subscription) - Ogden,UT,USA
... for $75,000 to $150,000 less than a traditional model, which typically requires an initial investment of $400,000 to $500,000 in equipment, leasing and other ...

Dock takes shape in a flurry
Evansville Courier & Press (subscription) - Evansville,IN,USA
... The city is leasing land from ... and Services Director Ed Ziemer was called Tuesday to iron out details for road signs directing motorists to the municipal dock ...
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Pioneer private water provider makes waves
Gulf Times - Doha,Qatar
... A further 20mn litres go to municipal holding tanks ... by private funding concern Infrastructure Leasing & Financial ... supply contract in the Bolivian city of La ...

A Google Wi-Fi Service Could Be In The Works
Investor's Business Daily (subscription) - USA
... Google also is looking into leasing space on optical telecom ... Google's plans could tie into municipal efforts to expand ... The city of San Francisco is one of many ...

Miller's challenge to cleanse city hall
Toronto Star - Canada
... year, $20 million probe of Toronto municipal corruption. ... payment of $25,000 in a computer-leasing scandal that ... Jim Andrew, who ran the city's computer systems ...

Steve Brown: Leasing looks good despite lull
Dallas Morning News (subscription) - TX,USA
The good news, according to Virginia-based Delta Associates, is that North Texas should have more than 4 million square feet of net office leasing this year. ...

Insurance: Consideration on leasing risks
The Tide - Port Harcourt,Niger Delta,Nigeria
... purchase. One such means is a LEASING. ... leased. Leasing contracts expose the Lessor and or the Lessee to one form of risk or the other. ...

Trocaire leasing space from parish
Buffalo Business First - NY, United States
"This fall class has seen the largest overall enrollment since 1995 and is a record full-time enrollment in the college's 47-year history," Claudia Lesinski ...

CalFirst Bancorp Announces First Quarter Dividend
Business Wire (press release) - San Francisco,CA,USA
California First National Bancorp is a diversified financial services company with two primary businesses -- leasing of high-technology capital assets to ...

Solarcom Introduces the "State of the Art Lease"
The Open Press (press release) - USA
According to the Equipment Leasing Association, over 60% of American businesses lease high technology equipment, usually over three to five year terms. ...

Shipping trade boom propels COSCO Pacific profits
Xinhua - China
BEIJING, Sept. 9 -- Beijing-backed container leasing firm and port investor COSCO Pacific Ltd. said Thursday first-half earnings ...

Corporate Office Properties Trust Names George B. Swintz, Vice ...
Business Wire (press release) - San Francisco,CA,USA
8, 2005--Corporate Office Properties Trust (NYSE:OFC) has named George B. Swintz, Vice President, Asset Management and Leasing for the Company's Colorado ...

Former car dealer barred from the business
Pittsburgh Tribune-Review - Pittsburgh,PA,USA
... He later became sales manager for CTE Leasing until that used-car and leasing dealership closed last year because of financial problems. ...

Phillips Edison & Company Acquires Shopping Center in Alabaster ...
PR Newswire (press release) - New York,NY,USA
... Phillips Edison works to improve every center through aggressive leasing and property management for the benefit of our tenants, shoppers and investors ...

Greenbrier to Provide Processing Services to Florida East Coast ...
PR Newswire (press release) - New York,NY,USA
... changes in product mix and the mix between manufacturing and leasing & services ... ability to obtain suitable contracts for the sale of leased equipment; all as ...
Ramirent Oyj: Ramirent group's interim report january -- june ...
Kauppalehti (press release) - Finland
... since 1991 and is the leading company in machinery and equipment rentals for ... have been given 183.6 202.4 182.3 Other 4.7 8.9 5.5 Future leasing payments 27.2 ..

Consider true cost of purchases
Monterey County Herald - Monterey,CA,USA
My supplier has offered me the option of purchasing the equipment outright or leasing it from them with a $1 buyout at the end of the lease. ...

Resolve Staffing buys Trucker Plus Leasing
Cincinnati Post - OH,USA
Resolve Staffing Inc., a Cincinnati-based temporary staffing and outsourcing agency, has acquired Truckers Plus Leasing, a 13-location staffing business that ...

HiEnergy Technologies Announces Leasing Option
PR Newswire (press release) - New York,NY,USA
... For more information about its leasing program, please contact Sean Moore, Director of Sales, at (949) 757-0855. ABOUT HIENERGY TECHNOLOGIES, INC.

Dresser leasing space in former Olean YMCA
Buffalo Business First - NY, United States
Dresser-Rand has signed a multi-year office lease with Park Centre Development to occupy the third floor of the former YMCA building in Olean that's being ...

LEASING INSTITUTE OF AMERICA
Entrepreneur - USA
Over the past 50 years equipment leasing has grown from practically zero to an over two hundred and twenty billion dollar business. ...

Copier and Furniture Leasing Marketplace Rebounding, Says New ...
Business Wire (press release) - San Francisco,CA,USA
16, 2005--The Equipment Leasing Association, the non-profit membership organization representing companies involved in the forecasted $248 billion equipment ...

Equipment Leasing Association's Monthly Leasing Index For June ...
Business Wire (press release) - San Francisco,CA,USA
ARLINGTON, Va.--(BUSINESS WIRE)--July 29, 2005--The Equipment Leasing Association (ELA) today released the Monthly Leasing Index (MLI), which surveys ...

Equipment Leasing VIPs Set to Meet at the Ritz-Carlton in Atlanta
Emediawire (press release) - Ferndale,WA,USA
... a showcase for every registered Attendee's company, product and service, making this the most productive cross-marketing event in the equipment leasing industry ...

Introduction
Equipment leasing has become an increasingly popular option for companies that are looking to acquire new equipment.

In fact, according to the Equipment Leasing Association, as many as 8 out of 10 U.S. businesses choose to lease at least some or all of their equipment.

A lease lets you pass the buck--at least for a while. A third party funding source (the lessor) will purchase the equipment you want on your behalf. You (the lessee) can use the equipment in exchange for regular payments made over a contracted period of time.

This guide is designed to give you the facts you need to lease equipment for your business. The various sections are listed in the box above. You can choose to read this guide from beginning to end, or jump directly to a section of interest.

Advantages of Leasing
One of the greatest advantages of leasing is that it offers fairly minimal upfront costs. Unlike bank loans that may require a substantial down payment, two advanced payments are generally all that are required at the beginning of a lease.

In addition, leasing protects against equipment obsolescence by forcing you to evaluate the useful life of the equipment that you intend to lease and to set lease terms accordingly.

Finally, leasing can lessen the burden that taxes have on your company's wallet. Depending on how your lease is structured, you may be able to fully deduct lease payments as a business expense as opposed to depreciating the value of the equipment as if it were a capital expenditure.

What's Included
While virtually all lessors will lease tangible equipment, not all are willing to add soft assets to the lease. Examples of "soft" or "intangible" assets include software, warranties, service, training, installation, and shipping costs.

Why is this? From a lessor's standpoint, it's much easier to repossess a computer or copier in the event that you default as opposed to software or shipping costs.

You'll want to make sure to inquire early on about your lessor's policies if soft asset financing is important to you.

Types of Leases
Although they come disguised under many names, you'll find that there are basically two types of leases: finance and true.

Finance leases Also known as capital lease, conditional sale, or dollar buy out, these leases work best if you intend to keep the equipment at the end of the lease. The main advantage of this type of lease is that it gives you the option to purchase the equipment for a nominal fee, usually $1.00. Payment terms on finance leases tend to last close to the expected useful life of the equipment.

True leases True lease payments (a.k.a. tax-, operating-, or FMV-lease), on the other hand, do not usually span the full expected life of the equipment. At the end of the lease, you can choose to walk away from the equipment or purchase it at fair market value. Payments on true leases generally tend to be lower than those on finance leases. This is because lessors have the opportunity to resell the equipment when the lease ends.

Tax Implications
One of the main benefits of true leases is that you may be able to fully claim lease payments for tax purposes.

In contrast, finance leases are usually regarded by the government as an installment purchase plan in lease clothing. As a result, although finance leases let you spread your payments over time, they are not tax advantaged in the way true leases are.

Make sure to discuss the tax implications of your lease with an accountant before signing any contract.

Leasing Providers
You can turn to a broker, captive leasing company, or independent lessor to handle your lease.

Broker
A broker acts as the middle-man between you, the lessee, and the funding source (e.g., bank or financial services company) that agrees to finance the asset.

Captive leasing company
As a subsidiary leasing arm of a manufacturer or dealer, a captive leasing company's main purpose is to provide leasing to its parent company and/or dealer networks.

Independent lessor
Independent lessors are funding sources that lease directly to businesses.

Payment Options
While fixed monthly payments are the norm, they are not your only option. Depending on your company's financial situation, there are several payment plans that may be more appealing.

If your company's cash flow ebbs or flows depending on the season, then you might want to consider a skip lease repayment structure.

Skip leases allow you to skip payments during slow months without being penalized. They are ideal for recreational and agricultural businesses that rely heavily on certain times of the year for revenue generation.

Step-up leases provide a solution for companies with limited cash and that are dependent upon the acquisition of specific equipment to increase revenue. This type of lease recognizes that the company will be able to handle increased lease payments over time.

An alternative to a step-up lease is a 60- or 90- day deferred lease. Just as its name implies, this lease allows you to defer your first payment for 2 or 3 months. Usually you will not have to present a down payment with this option.

Ending Your Lease
Lease terms range anywhere from 6 to 120 months, although the majority fall between 12 and 60 months.

The lease term that you decide upon will depend heavily on what you decide to do with the equipment at the end of your lease. Usually, you have four choices. You can:

purchase the equipment for a nominal fee or fixed price agreed upon at the lease inception.

Lease Shopping
Now that you've picked out equipment and decided to lease, its time to get quotes. Two to four quotes can give you a good sense for what the market is charging.

Before you shop around for quotes, be prepared to provide the following information: The cost of the equipment, the length of the lease, and whether or not you will purchase the equipment at the close of the lease.

When shopping around for quotes, it's important to make sure you are comparing apples to apples. For instance, has the quote been calculated based on two advanced payments and a security deposit, or on one advanced payment alone?

Even though quotes are not 100% exact (a credit check needs to be done first to be certain), they are usually pretty accurate. In the end, payments may go up or down depending on how good your credit turns out to be.

Applying for a Lease
While you should feel free to shop around for quotes, don't complete a lease application unless you are absolutely sure that you'll lease through them upon being approved.

That's because each credit inquiry shows up on your credit report, and excessive inquiries damage your chance of being accepted or approved for the best credit rating.

After you've submitted your application, an answer won't be far out of reach. On average, it takes only 3-48 hours to find out whether you've been accepted.

Since equipment leasing generally involves straight financing, the best way to lower your lease payments is to bring down the purchase price of the equipment you intend to lease.

Lastly, calculate your lease with and without the soft assets. Although it may be more convenient to pay one bill every month, you'll probably be able to save hundreds, if not thousands of dollars by cutting out the soft assets.