Benefits of Leasing
Having the right equipment, in ready condition, is vital to Contractors and their operations. But new equipment comes with significant up-front costs and requirements extending to maintenance and repairs, accounting and tax considerations, and more. When you need to upgrade or purchase new equipment, consider a Lease to avoid some of these costs and risks, and gain access to new, reliable equipment that gets the job done.
Leasing vs. Buying
It's simple. Paying for equipment up-front can be costly. Leases allow for a simple, low monthly payment so that “Sticker Price” is far less of a barrier and contractors can maintain their working capital.
Leasing vs. Loans
Traditional financing (loans) break up the purchase price into monthly payments with interest. Leasing gives you even lower monthly payments by giving Contractors the benefit of a future residual value. In addition, North Star Capital partners with Allen Engineering Corporation to offer additional benefits such as extended warranties, telematics, and more.
Reduce Cost of Ownership
Long-term costs associated with equipment can start with maintenance and extend to repairs, asset monitoring, accounting systems, and more. Leasing removes these ownership burdens and we partner with the manufacturer to help lower these costs.
Increased Up Time
With North Star Capital's Fleet Management Program, Contractors can receive new equipment every 24-48 months. By maintaining the latest models and servicing through the Manufacturer, we enable contractors to operate without the worry of lost up time.
Increased Level of Service
By partnering with the manufacturer and a national network of Authorized Service Centers for extended warranties and ongoing support, North Star Capital ensures that the Contractor maintains a lower level of risk associated with equipment issues.
Reduce Tax Burdens
Leasing eliminates numerous requirements of ownership related to Accounting, Taxes, and Compliance. In addition, leasing often allows contractors to deduct up to 100% of their lease payments.
Curious about your monthly payment? Use the calculator below to get an estimate on your monthly payment.*
*Disclaimer: This Payment Estimator is meant for estimation purposes only and does not create or constitute a final or binding quote, and does not create or constitute any contractual or legal obligation to any party by North Star Capital. The estimation assumes the applicant or user is qualified for financing under the North Star Capital terms and conditions including, but not limited to excellent credit history. If you qualify for financing, the final terms will be agreed upon between the applicant and North Star Capital.