What is new construction leasing?
When a construction company wants to start up a business, there are many costs associated with starting. One major cost that can deter some from even starting a company is the cost associated with all the equipment needed to get the job done. This can be very costly as construction equipment can range from heavy duty cranes to cement trucks – depending on your companies line of work and specialty. The most affordable way to start any construction (or business requiring a lot of expensive heavy duty equipment) is to take out a lease on the equipment needed.
With new construction leasing you can lease new or used equipment for a term length; at the end of your lease term you can buy the equipment out, upgrade and take out another lease or simply give it back. Leasing new construction equipment is also smart because you can typically claim the entire lease payment as a tax deduction.
What is a typical size lease contract for new construction Leasing companies?
Lease financing of construction equipment range widely from $25,000 to $5 million but the majority of construction equipment leasing transactions fall in the category between $25,000 and $250,000 with average terms being three to five years.
Where can I find a leasing agent for new construction leasing?
Here at Connect Lease Corporation, we offer leasing solutions for all types of equipment: business equipment leasing, commercial equipment leasing, commercial truck leasing, computer equipment leasing, medical equipment leasing, office equipment leasing, transportation equipment leasing and many more. We pride ourselves on having one of the highest credit approval ratios in the industry.
Apply today. It’s fast, easy and convenient.
To apply for a lease, use our online application, or simply call us at 1-(877) 860-4140.
Alternatively, use the contact form below to have one of our leasing agents contact you to help you find an equipment leasing solution for your company.