(uplifting music)
Narrator: Gain a business edge with equipment leasing.
Why leasing equipment is a smart move.
in today's economy.
Newer equipment and technology
can quickly improve productivity,
create competitive advantages,
and jumpstart business growth.
Given the uncertain economic environment,
businesses are looking for ways to conserve capital
and improve cash flow while remaining competitive.
For those that plan to acquire new equipment
to help jumpstart growth,
leasing may provide numerous benefits.
From lower upfront costs to flexibility,
we will walk through some of the reasons
why leasing equipment from Wells Fargo
makes sense in today's economy.
Benefit number one: improved cash flow.
Lower monthly payments.
For leasing transactions
where Wells Fargo assumes the equipment residual risk,
lease payments would usually be lower
and have far less business impact
than a sizable purchase price.
Begin using equipment immediately.
Low monthly payments would allow you
to manage budget constraints,
especially when compared to a lump sum purchase,
enabling you to acquire the equipment you need
and put it to work right away.
Optimize working capital and cash flow.
Without the large capital outlay of a purchase,
cash would be available
to strategically reinvest in your business.
Spreading payments out over time
could also improve cash flow.
And if the lease doesn't affect your credit lines,
they could be preserved for other operating needs.
Generate liquidity from your existing assets.
With a sale leaseback, you could sell assets to us
for us to lease them back to you,
freeing up liquidity you could use
for other more pressing business needs
while not losing usage if your equipment.
Benefit number two: lower asset risk.
Avoid technological obsolescence.
Various lease structures may allow you
to stay ahead of the competition
by giving you the flexibility
to upgrade to the latest equipment models when you need it
and to avoid keeping less-utilized equipment
beyond its useful life.
Maximize equipment, productivity and reliability.
Leasing could allow you to return or upgrade your equipment
when it gets older to avoid costly maintenance
and optimize utilization.
Obtain maximum value from used equipment.
Wells Fargo's expertise in equipment logistics,
sales, and dispositions
enables us to obtain greater value for you
on used equipment,
which in turn could support favorable rates for you.
And you don't have to spend any of your time or resources
trying to sell or dispose of equipment you no longer need.
Benefit number three: flexibility and convenience.
Equipment ownership flexibility.
If you need equipment now for a temporary requirement,
such as a specific job contract or new product development
but are not sure if you'll need it for the long term,
leasing may be the perfect solution.
You'll have the flexibility to either return the equipment
or keep it at end of lease term.
Customized payment structures.
We can tailor lease payment options
to meet your specific business and sales cycle
with monthly, quarterly, deferred, step
seasonal, and extended payment terms.
Flexible options during and at the end of the lease.
If you finance your equipment acquisition with a loan,
you own the equipment throughout the loan term.
If you pay cash, you own it period.
But with a lease,
you may have the option to purchase, upgrade, add on,
or redeploy assets.
At the end of the lease,
you may have the option to purchase, return, renew,
or continue to rent your equipment month-to-month.
Entire solution in one easy payment.
Together with the equipment you lease,
you may consolidate financing of other items,
such as parts, accessories, and maintenance contracts,
into a single, convenient lease payment.
Wells Fargo Equipment Finance
helps companies acquire the equipment they need
by providing a wide range of flexible solutions.
We bring together the benefits of extensive equipment
and industry experience, customized offerings,
and exceptional relationship management
to serve the needs of our customers
through all business cycles.
(gentle music)