Frequently Asked Questions - Leasing Equipment for Business

Business equipment leasing can be done through AXIS Capital by any company, association, organization, or by any city, county, state, or federal agency. Even newer businesses can find attractive commercial leasing programs at AXIS. Businesses and organizations can also attain a lease for nearly any type of equipment, including either new or used equipment. Among the range of business leasing equipment we cover include restaurant, automotive, commercial, construction, manufacturing, and transportation equipment, just to name a few.

Direct purchases of commercial or business equipment require a substantial financial commitment. On the other hand, commercial leasing for businesses doesn’t require a huge upfront down payment. Instead, only a minimal payment is required, usually only the first and last month’s lease payment.

Commercial lease payments can also be tax deductible as business expenditures. In most cases, lease payments can be deductible up to the entire amount of the payment. However, AXIS reminds businesses that they should consult their accountant to ensure that the expense can be deductible.

Interest rates are also significantly smaller with a commercial lease compared with other options. In fact, as a lease, there is no traditional interest rate as with other forms of financing. As a business is essentially renting the equipment, the payment is based on equipment costs and lease terms.

There are numerous advantages to commercial leasing when compared with other types of financing. Contact AXIS Capital today with all of your questions to ensure your business gets the equipment it needs to grow.