Business leasing is a financial tool that is very useful to companies that need ongoing asset renewal instruments to avoid obsolescence.

Leasing's primary advantage is that it avoids increasing a company's debt levels, causing an improvement in the financial indictors and freeing up resources for production which, in turn avoids freezing those resources in investments in fixed assets.

Leasing has commonly been used by the production sectors in developed countries where it implies a major percentage in relation to representing the financial activity thanks to the benefits that leasing has caused for an endless number of industries that have been able to use this vehicle again and again.

Features
Minimum asset amount: $25,000.

Leasing term: Up to 5 years.

Payment Method: Periodic payments, either in advance or at period end.

Deposit: From 20% for new assets; for used assets, it depends on corporate policy at the time of application. Options include no deposits being required for fleets of more than 5 vehicles.

Associated costs such as insurance, taxes, transfer fees, legal fees, appraisals for used assets, operating expenses, etc., are paid by the Lessee.

For more information call 800-1-SCOTIA or visit us today in any of our branches!