A lot of people are under the impression that a new business will not be able to get equipment leasing financing and so they either don’t try or ask around a few places and become convinced it isn’t going to happen so they give up.

Let’s look at some key issues around sourcing working capital for your Canadian business, although we are quite sure our information applies universally. How you have managed or are managing your internal financing is directly related to what solutions you have available.

Ten, yes ten solid reasons to consider a leasing company for your right choice of asset finance. Let’s recap them: technological obsolescence protection, accounting benefits, cash flow management, potential tax savings, the right to own or not own the asset at the end of the lease, convenience, ability to match the asset financing to its useful economic life, quick credit approval ( boy do we like that one!) and finally often a lower cost and cash outflow.

We have mentioned how you manage your cash flow. Most business owners we meet do it intuitively, i.e. your business has a flow or rhythm around paying suppliers, billing your product and services, and finally creating receivables and getting paid. We also find working capital an interesting term, because in reality the accounts we mentioned, i.e. a/r and inventory are in effect tied up. They are unable to be monetized or cash flowed, and that’s why you need working capital solutions.

Canadian business financing got really challenging in the last couple years. Traditional financial institutions that funded equipment such as banks and insurance companies quite frankly simply stopped funding your business leasing needs. The leasing company you probably worked with also borrows, just in case you didn’t realize it. Somehow we all survived and as we head into 2011 the equipment financing industry is on a pretty good roll.

We keep coming back to flexibility when clients ask us about what the best choice options are in business leasing. Always remember that when you choose to finance an asset you can enter into a lease to own scenario, aka a ‘capital lease ‘, or, continuing on our theme of flexibility, you can opt for an operating lease – which simply states your desire to use an asset, not own it. Equipment that depreciates quickly, needs to be replaced due to technology, etc, is the perfect choice for an operating lease option.

The solutions to cash flow financing in Canada are as follows: asset based lending, receivable financing, purchase order financing, and working capital term loans. All these solutions are either very suited to your firm or not applicable. Our favor rite and probably most recommended client solutions asset based lending; it’s simply a revolving line of credit on which you borrow daily against A/R and inventory. Yes, we said inventory. And these facilities are not loans per se; they are simply credit lines you access for your assets. Smaller firms should consider C I D invoice discounting, it’s our recommended solution, allowing you to bill and collect your own receivables but monetize them when you want. That’s true cash flow financing.

Whatever your challenge speak to a trusted, credible and experienced Canadian business financing advisor who can assist you in accessing working capital and cash flow financing that most makes sense for your business growth and profits.

Harris Smith offers advice on home equity line of credit and obtaining credit. Debt Consolidation provides nationwide debt management services for those who are struggling with moderate to severe debt issues.

A lot of people are under the impression that a new business will not be able to get equipment leasing financing and so they either don’t try or ask around a few places and become convinced it isn’t going to happen so they give up.

The Cash for Car scheme has become increasingly popular with both employers and employees in recent years. Employers save time and money in not having to source, maintain and administer a fleet, although they must always be aware of their Duty of Care and Health & Safety responsibilities.

And as an employee, you have more freedom to choose the car you drive, and you could even be better off if you don’t spend all of the car allowance you receive. However, some employers do stipulate the type and age of vehicle that is acceptable, according to the job you are doing.

Whew! That was a mouthful of reasons. Let’s circle back on one of those benefits, the issue of a prompt credit approval.

Canadian business financing got really challenging in the last couple years. Traditional financial institutions that funded equipment such as banks and insurance companies quite frankly simply stopped funding your business leasing needs. The leasing company you probably worked with also borrows, just in case you didn’t realize it. Somehow we all survived and as we head into 2011 the equipment financing industry is on a pretty good roll.

Don’t forget that if you choose the company car instead of the car allowance, all your motoring costs (except private fuel) will be taken care of by your employer including insurance, road tax, servicing and repairs. If you choose the company car allowance, you will have to pay for these things yourself.

Asset financing from your business comes out of very different needs – it might be a photocopier for the office, (or computers), equipment for your shop floor, and, even a commercial jet for your corporate meetings! (Well, we can dream, cant we?!). Our point is simply that any type of asset can be leased, and often bundled in with other ancillary services such as installation, maintenance, warranty, etc. Again, there’s our flexibility again.

Do you have a personal business relationship with the hundreds of lease companies in Canada? If you do we’re jealous, and you obviously have a lot of time on your hands. If you don’t, speak to a trusted, credible and experienced Canadian business financing advisor who can ensure those many benefits of business leasing can be matched with the leasing company that suits your needs.

Harris Smith offers advice on home equity line of credit and obtaining credit

Common sense financing, fast approvals and flexibility that makes perfect sense for your firm – that’s why when you want to lease business equipment a leasing company is your best choice for business leasing financing.

First off, think about your finances. You not only need to think about a vehicle which you can afford, you also need to consider your financial stability and how secure your job is.

And as an employee, you have more freedom to choose the car you drive, and you could even be better off if you don’t spend all of the car allowance you receive. However, some employers do stipulate the type and age of vehicle that is acceptable, according to the job you are doing.

Leasing is also useful if you have a decent amount of money, but cannot afford the down payment on a luxury vehicle. Leasing here takes away the worry of having to pay the down payment on the car to get the low monthly payments. The benefit of the car lease however is not without penalty.

Should you default on payments or terminate your lease early, then it can result in stiff financial penalties with go against your credit. To assure that this never happens to you, make sure you have a plan to make the payments for the duration of the lease.

We keep coming back to flexibility when clients ask us about what the best choice options are in business leasing. Always remember that when you choose to finance an asset you can enter into a lease to own scenario, aka a ‘capital lease ‘, or, continuing on our theme of flexibility, you can opt for an operating lease – which simply states your desire to use an asset, not own it. Equipment that depreciates quickly, needs to be replaced due to technology, etc, is the perfect choice for an operating lease option.

Asset financing from your business comes out of very different needs – it might be a photocopier for the office, (or computers), equipment for your shop floor, and, even a commercial jet for your corporate meetings! (Well, we can dream, cant we?!). Our point is simply that any type of asset can be leased, and often bundled in with other ancillary services such as installation, maintenance, warranty, etc. Again, there’s our flexibility again.

Lastly, you should consider how far you expect to drive the car in the span of a year, and the condition you can keep it in.

Harris Smith is a writer on personal finance education. Her article tackles the pros and cons of home equity line of credit

Common sense financing, fast approvals and flexibility that makes perfect sense for your firm – that’s why when you want to lease business equipment a leasing company is your best choice for business leasing financing.

If we were to ask you to name ten quick benefits of any type of business financing in Canada we quite frankly cant imaging you would name any other type of finance other then leasing. Just think about it.

And as an employee, you have more freedom to choose the car you drive, and you could even be better off if you don’t spend all of the car allowance you receive. However, some employers do stipulate the type and age of vehicle that is acceptable, according to the job you are doing.

Whew! That was a mouthful of reasons. Let’s circle back on one of those benefits, the issue of a prompt credit approval.

Car Leasing is a convenient, cost-effective and hassle-free way of financing a new vehicle, and there are many benefits of leasing a car. It enables easy budgeting of your motoring costs, and the fixed monthly payments can even include servicing and maintenance. Also, there’s no need to worry about depreciation or disposing of the vehicle at the end of the contract.

Aside from financing, there are other aspects which will impact your decision or buy or lease a car, such as your own personal preference and lifestyle choices.

Think about this: Are you satisfied with sticking with one car for a long period of time, or do you always need something flashy and new? If you’re the former, and expect to own the car for several year, then you should negotiate careful, and then buy the car you want. If you’re the latter and need a new car every 2-3 years, then leasing a car is likely more suited to you.

Part way between the company car and a company car allowance is something called Employee Car Ownership. This is where your employer gives you a car allowance, but the company organizes the finance deal and takes care of insurance and running costs. This may also be worth considering if your employer offers such a scheme.

Hi readers my name is Harris Smith, thanks for reading this article I hope I will be useful to find home equity line of credit

OK, so you’re set out to buy yourself a new car, and you’ve come to a crossroads: Buy or Lease? This is a complicated decision with no easy answer. While it will mostly depend on your finances, each has its own pros and cons.

If you haven’t got a substantial amount of money to spare for a car, does that mean you can’t get one? Thankfully, no and the following four options all must be considered to ensure you can get the car that you want.

And as an employee, you have more freedom to choose the car you drive, and you could even be better off if you don’t spend all of the car allowance you receive. However, some employers do stipulate the type and age of vehicle that is acceptable, according to the job you are doing.

Allowing you to buy the car you want, putting down just a small deposit and then paying for the remaining cost over a number of months (usually up to 60 months) is an attractive option as it means that you can get a car immediately without having the full funds available. The three most popular forms of car finance are:

Car Leasing is a convenient, cost-effective and hassle-free way of financing a new vehicle, and there are many benefits of leasing a car. It enables easy budgeting of your motoring costs, and the fixed monthly payments can even include servicing and maintenance. Also, there’s no need to worry about depreciation or disposing of the vehicle at the end of the contract.

Don’t forget that if you choose the company car instead of the car allowance, all your motoring costs (except private fuel) will be taken care of by your employer including insurance, road tax, servicing and repairs. If you choose the company car allowance, you will have to pay for these things yourself.

If you’re the former, and expect to own the car for several year, then you should negotiate careful, and then buy the car you want. If you’re the latter and need a new car every 2-3 years, then leasing a car is likely more suited to you.

Lastly, you should consider how far you expect to drive the car in the span of a year, and the condition you can keep it in.

Harris Smith is a personal finance writer interested in home equity line of credit Don’t Miss Out!

Company Car drivers must pay tax on a Benefit In Kind First of all, let’s see how Company Car Tax works. If you drive a vehicle supplied by your employer, you are liable to pay tax as it is classed as a Benefit In Kind.

It is not the same as Daily Rental, which is hiring a car or van usually for a period of days rather than months, as the name suggests!

Most types of vehicles are available for rent, and they are categorised into groups such as small hatchbacks or family saloons. So you would normally request a vehicle type rather than a specific make and model.

If you choose to accept a Car Allowance, it’s worth considering Car Leasing vs Buying. Car Leasing (also known as Contract Hire) is simply the hiring of a vehicle for an agreed period of time for a fixed monthly rental. Unlike short term rental or daily rental, a car lease is usually for 2-5 years, after which you can simply hand the car back with no further commitment or, in some case, you may be able to purchase the vehicle if you wish.

A shorter term lease is ideal if you’re starting a new business and need a vehicle, or you have only been trading a few months and not had time to build a good credit rating. Even if you have been trading for a while but are having difficulty obtaining finance due to problems with your credit history, it is often easier to get a short term lease.

Also, it is useful if you need a vehicle for a particular job, contract or for seasonal work, you need a vehicle for a staff member who is temporary or on a trial period, or if you need a temporary car until your newly ordered vehicle arrives. It is always more economical than Daily Rental. Vehicles available at short notice, often within as little as two hours.

If you choose a Company Car Allowance and lease a vehicle which you use in the course of your job, you’re entitled to claim from your employer a mileage allowance for each business mile travelled. H.M. Revenue & Customs approves certain mileage rates that employees can claim for business travel, and the current rate is 40 pence per mile. Check the H.M. Revenue & Customs website for the latest information.

Other benefits include being able to easily change your vehicle if your circumstances change or you get bored with it, and there are no Early Termination penalties with a short term lease (after the initial period).

Harris Smith offers advice on home equity line of credit and obtaining credit

Company Car drivers must pay tax on a Benefit In Kind First of all, let’s see how Company Car Tax works. If you drive a vehicle supplied by your employer, you are liable to pay tax as it is classed as a Benefit In Kind.

Company Car Tax or Benefit In Kind Tax must be paid on your vehicle if you, or a member of your family, use it for private use. This would include travelling to and from your place of work.

If you choose to accept a Car Allowance, it’s worth considering Car Leasing vs Buying. Car Leasing (also known as Contract Hire) is simply the hiring of a vehicle for an agreed period of time for a fixed monthly rental.

There are a number of things that affect how much Company Car Tax you pay The Benefit In Kind tax you pay on your car is based on the P11D value of the vehicle (its list price including any extras or options), the CO2 Emissions (the lower the better), the rate you pay tax on your income, and whether your vehicle can run on an alternative fuel.

It enables easy budgeting of your motoring costs, and the fixed monthly payments can even include servicing and maintenance. Also, there’s no need to worry about depreciation or disposing of the vehicle at the end of the contract.

Further Information on Company Car Tax & Benefit In Kind To help you work out how much Car Tax and Car Fuel Tax you will have to pay, why not check out the Tax Calculator provided by HM Revenue & Customs. Also, there is a Government website all about ‘Company Cars’ which provides useful information and guidance for both employees and employers.

If you choose a Company Car Allowance and lease a vehicle which you use in the course of your job, you’re entitled to claim from your employer a mileage allowance for each business mile travelled. H.M. Revenue & Customs approves certain mileage rates that employees can claim for business travel, and the current rate is 40 pence per mile. Check the H.M. Revenue & Customs website for the latest information.

Other benefits include being able to easily change your vehicle if your circumstances change or you get bored with it, and there are no Early Termination penalties with a short term lease (after the initial period).

Harris Smith runs the home equity line of credit website. Don’t Miss Out!

Should I choose a Company Car or a Company Car Allowance? If you have the choice of a Company Car or a Car Allowance, you should check out how much Company Car Tax (or Benefit In Kind Tax as it is also known) that you would pay if you accept a company vehicle, and then decide whether to go for the car or cash. You could be better off taking the car allowance and leasing a car yourself, even though the allowance is taxable.

It is not the same as Daily Rental, which is hiring a car or van usually for a period of days rather than months, as the name suggests!

And as an employee, you have more freedom to choose the car you drive, and you could even be better off if you don’t spend all of the car allowance you receive. However, some employers do stipulate the type and age of vehicle that is acceptable, according to the job you are doing.

De-Hire charges are necessary because in setting the monthly rental for your contract, the leasing company assumed that your car would have a certain value when it disposes of the vehicle at the end of the lease. If you do receive end of lease charges, you may be able to negotiate with the leasing company if you think they are unfair.

A shorter term lease is ideal if you’re starting a new business and need a vehicle, or you have only been trading a few months and not had time to build a good credit rating. Even if you have been trading for a while but are having difficulty obtaining finance due to problems with your credit history, it is often easier to get a short term lease.

Also, it is useful if you need a vehicle for a particular job, contract or for seasonal work, you need a vehicle for a staff member who is temporary or on a trial period, or if you need a temporary car until your newly ordered vehicle arrives. It is always more economical than Daily Rental. Vehicles available at short notice, often within as little as two hours.

As regards bodywork damage, what is considered Fair Wear and Tear does vary between leasing companies, so you should check the terms and conditions of your lease provider. As a general rule, small areas of chipping, including door edges, are usually acceptable, as are slight scratches and abrasions provided primer or bare metal is not showing. The British Vehicle Rental & Leasing Association (B.V.R.L.A.) has set out an industry Fair Wear And Tear standard to help drivers of leased and financed cars to reduce or eliminate De-Hire Charges.

Part way between the company car and a company car allowance is something called Employee Car Ownership. This is where your employer gives you a car allowance, but the company organizes the finance deal and takes care of insurance and running costs. This may also be worth considering if your employer offers such a scheme.

Harris Smith runs the home equity line of credit website. Don’t Miss Out!