• Could you use new equipment now to take advantage of special pricing but don't have the cash right now?
• Don't want to tie up more of your line of credit?
• Want to take advantage of the potential tax benefits that leasing affords?
• Could you earn more if you had better equipment to work with?
• Leasing allows you to grow without a huge outlay of cash. You may be able to finance up to 100% of the entire transaction
• There are no large down payments when you lease. You may also qualify for a seasonal payment schedule so when your business is slow, your payments are low

If you have ever leased a vehicle before you know that a traditional consumer vehicle lease simply will not work for a small painting business and affords no benefit. That's why we have partnered with a vehicle leasing company that specializes in vehicle leasing for painting contractors who really put on the mileage. In fact, you can even lease a used vehicle in certain states. Now you can enjoy the tax benefits afforded you by leasing at Corporate Rates with absolutely NO MILEAGE PENALTIES and BELOW INVOICE PRICING. If you have never been able to lease a vehicle with the same benefits that are usually only available for companies with huge fleets then now is the time to check it out. To ask for more details or to just get started and receive a quote just click on the link below.

Only you can determine if vehicle leasing is right for you and to you and your company. You do need to make an informed decision however and there are a lot of misconceptions about leasing that are the result of consumer leases that started in the 80’s.

First, let’s make sure we are clear on what kind of leasing PCR makes available. PCR makes available only commercial leases, not consumer leases. There are some substantial differences between a commercial lease and the more familiar consumer leases. Commercial leases are designed for companies and do not carry the typical mileage charge that consumer leases carry. These leases are also designed so that at the end of the lease, you own your vehicle so there is no turn in and condition inspection. In fact, there are no restrictions on signage or anything else with the commercial lease.

Below are some of the advantages of leasing, but again, you have to determine if leasing is right for you. We would also advise you to talk with your account if you have questions.

Advantages of Leasing

Low Initial Cash Investment:
With this commercial lease your only cash outlay is one month’s payment as a refundable security deposit and payment of taxes, title and registration. Leasing, unlike other forms of financing does not require a large down payment or a trade in. This can go a long way to preserve your cash flow. This works especially well in cases where a customers credit is a bit shaky.

Off Balance Sheet Liability:
This simply means that the outstanding amount of the lease does not show up on your credit report as a liability. This can be very advantageous to you when you seek other credit such as a line of credit. The lease will not decrease your borrowing power.

Tax Situation:
There are some misconception regarding what impact a commercial lease has on your tax situation but here is the reality. You can and should take your monthly payment as a deduction on your taxes. There are no depreciation restrictions on the vehicle so rather than being able to only deduct the depreciation amount the government says you can deduct each year, you can deduct your entire payment in the year it occurs.

Additionally some people are under the impression that you can take additional deductions on a commercially leased vehicle like you can on a purchased vehicle. The IRS allows you to deduct either the standard deduction per business mile or the actual expense just like on any other vehicle that you may own. The IRS, for this purpose looks at this kind of lease as a financing lease, simply another way to finance a vehicle.

Fleet Incentives:
Through a special arrangement between our leasing vendor and PCR, we have negotiated fleet rates and incentives for contractors who lease through PCR. That means that you qualify for any factory rebate or incentive that they offer and they are much more substantial than those offered to consumers who purchase a vehicle. Simply put, they can save you a considerable amount of money over traditional financing. You will not find commercial leases or these rebates and incentives at your local dealer. They just don’t do them.

Used Vehicles:
Often times you may be interested in a used vehicle or one that has come off of another lease and been turned in when the owner leased a newer vehicle. These vehicles qualify for a commercial lease. This can save you a lot of money if a used vehicle works for you.

Mileage Penalty:
Most consumer leases have restrictions on the number of miles you can drive over the life of the lease. If you exceed those miles it can be very costly when you turn the vehicle in. That simply does not work for a contractor. The commercial leases we offer DO NOT have any mileage restrictions at all. You will NEVER be charged for mileage!

Vehicle Condition and Turn In:
The commercial lease that we offer has NO signage or other vehicle condition restrictions. Unlike consumer leases, where the drive is liable for turning the vehicle back in good condition. This is your vehicle. Additionally, there is NO turn in. At the end of the lease, you own the vehicle and you can trade it in, keep it, donate it or whatever you choose. No turn in, no condition restrictions, ever!

Delivery:
Leased vehicles through our leasing partner can be delivered to you anywhere in the 50 United States and Canada so you do not have to drive half way across the country to pick up your vehicle. Our partner can lease virtually any brand or style of vehicle that you want.

For more information or to
request a quote click on the links below
Or
Call Darrin Levitt at 1-800-223-4885 Ext. 302

In order to qualify for an equipment lease you need to be a PCRA member. There is no obligation to request a quote or further information.

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