Money in Motion has the ability to lease virtually any asset that your business may be looking to acquire. If it generates revenue we will lease it!
This allows you to lease the equipment you need without taking precious capital from your business or tying up valuable short term lines with your bank which would reduce your capital base. Equipment can be leased with little or no upfront capital and rental/lease payments matched to expected machine revenues/cash flow, thus allowing you to stay on the forefront of your industry.
Lease to own
What Is It?
You can lease your equipment for a specific term at specific payments with a determined end value where you intend to acquire the asset for the residual amount.
Is It For You?
The equipment you need to successfully run your business may be very expensive. Leasing is a cost effective way to deliver a high quality service to your clients without having to invest your own capital into the machinery.
What Is It?
A sale leaseback is utilized when you have equity in your equipment but you are short on long term capital. We will arrange to purchase your equipment from you and lease it back to you over a specific timeframe at predetermined payments. This is very effective when you do not have a proper line of credit with your bank for short term working capital purposes.
Is It For You?
If you need working capital…you bet
What Is It?
A residual lease is an agreement where we have worked out with you a payment that better matches the revenue stream that the machine will generate and have put a residual at the end of the lease that is close to the wholesale value at that time. This is very popular when a client is more interested in trading up to a new piece of equipment at the time the residual comes due and we will work with them to do so. The residual can also simply be rewritten on a new lease. Many of our leases do require custom tailored payment programs to match the revenue expectations of the machine and we are one of the few leasing companies who understand this process.
Is It For You?
A residual lease lets you conserve your cash flow, manage your budget better and deduct the applicable taxes, as well. If you think this option would help your business, apply now!
Our leases generally range from 24 to 84 month terms.
Some key industries include:
- Waste Recycling
- Oil & Gas
- Computers and Tech/Software
- Passenger vehicle
Contact us today if your business operates in one of these industries!
You protect your home with Mortgage Insurance in-case of an accident or death. We can also offer our customers the comfort of this protection on their lease payments with Creditor Life and Disability.
Our core coverage includes:
In the event of death, creditor life coverage will pay out the remaining balance of your loan or lease. Coverage for the residual value of your lease is also offered to provide full protection in the event of a claim.
Life Plus coverage provides protection for both disability and life. It will cover your payment obligation for a maximum of 6 months. Additionally, in the case of premature death it will cover your principal amount owed to the creditor for true peace of mind.
In the event of injury or illness-related disability, this coverage will cover your monthly payments from day 1 until you can return back regardless of the duration.
This insurance can be added to any contract at any time. We offer a simple process for all interested applicants.
Contact us today to find out more and secure peace of mind!
Eagle Equipment Sales
Eagle Equipment Sales Inc, part of the Chisholm Group, located in Sudbury, is your premier retailer of new hydraulic crawler drills and hammers as well as an extensive assortment of used trucks, trailers, construction and forestry equipment. The group operates from a state of the art 11,000 square foot facility on Kelly Lake Rd., with full service bays and diesel mechanics to work on virtually any task. Our dedicated sales staff and top-trained technicians are there to make your vehicle shopping experience fun, easy and financially advantageous.
Please utilize our various online resources and allow our excellent network of people to put you in your ideal vehicle today!
Why Eagle Equipment
We take great pride in being a licensed shop but more importantly we simply stand behind what we sell. There is a good chance we have the equipment that you are looking for but if we do not we will source it, whether it is in Canada or the USA. If you are out of province that is no problem we will deliver the unit to you.
The other critically important thing that Eagle does that most dealers do not is help you figure out the best way to finance your acquisition. Being part of the Chisholm group who also owns Money In Motion and Lakes Leasing Corp we provide our clients the unparalleled ability to be able to deal with a true one stop shop.
We encourage you to browse our online inventory or schedule a visit to our dealership or we can provide you with detailed pictures and video clips to make your decision remotely if required.
You can also request more information about a vehicle using our online form or by calling 1 (888) 739-2980.
What is Working Capital?
Working Capital is a critical component in any business’ ultimate survival and it centers around the difference between your current assets (items easily converted to cash within 12 months) less your current liabilities (things you owe within the next 12 months). What impedes companies is as your business grows you are in many cases forced to allow your client terms to pay you back for the work you have done. These terms are normally 30-60-90 and sometimes on larger jobs can take longer to get paid.
On the reverse of this while you were doing this work you had to pay costs likely much quicker like wages, fuel, materials etc and you have no money to pay it with so you have a shortage in working capital.
You in essence have 3 solutions to this problem if your company does not have its own capital to carry you through:
- Your banker gives you a line of credit based on your accounts receivable. (these are tough to get and often your business must have been profitable for three years and meet the bank’s criteria)
- You can pledge the equipment you have bought over time and is paid for and do a sales lease back lease. (this is where we come in) This is very effective and lets you pay back the working capital you got over time.
- You can discount and sell your a/r to one of our affiliates. This works well since you in essence will receive 98% of your invoice. This works very well when your company does not have paid for equipment to do a SLB lease.
Is It For You?
This question is totally dependent on your company’s particular circumstances. Our experienced people are happy to discuss the options with you.
Please contact us for more details!
Account Receivables Financing
Money in Motion is proud to offer our clients account receivables financing. Our finance professionals can give you advice and an outline for your business that can potentially help your company grow and develop.
What can MIM do for you?
Our program works on the basis where we will advance up to 90% of your receivables. This would mean peace of mind to conduct your business as efficiently as possible without the daily headaches of collecting monies owed.
- Instant cash flow
- Growth opportunities
- No loss of equity
- Peace of mind
Call 1-888-739-2980 or email us today if you are interested!