Truck and Trailer Loans
Leases
A lease is a more flexible way of obtaining equipment to use in your business.
Leases have many benefits like paying fewer taxes. Leases can also be set up in a variety of ways to help you manage your cash flow and expenses.
For example:
- $10 Payout at the end of the life of your lease, you pay $10 and it is yours!
- Fixed payout Whether the residual is 10% or 20% at the end of your lease term, the amount is known up front and is fixed. At the end of the lease, you can pay this fixed amount, refinance it, or in some cases, return the equipment.
- Fair Market Value at the end of your lease, you pay the market price for the equipment which is determined at the end of the lease. Again, you can pay for the equipment, refinance it, or in some cases, return the equipment.
Leases can also have a variety of payment structures that are tailored to your business needs for flexibility.
Seasonal Skips
Is your business seasonal? Choose to skip payments in the slow times.
Interest Only Payments
Pay only the interest for up to six months until equipment generates ample income.
Variable payments
Is the down payment too much all at once? Make larger payments at the beginning of your lease.
Loans
Davinder Powar offers Secured Loans and Unsecured Loans. Secured loans, you will need an asset as collateral (Equipment Refinancing). Unsecured loans do not require an asset for collateral but will require your credit history and cash flow details to qualify for the loan.