Why Finance? (FAQ)

Answers To Frequently Asked Questions

It can be the perfect way to free up more money. Leasing opens up extra capital for your business. A great option if you’re expanding fast … or if banks’ restrictions are tight. Look:

    • You always have the newest technology, the most productive equipment: This means you can offer better service … better quality of work … less down time … lower repair costs … increased employee productivity … and so, increased revenues and profits.
    • You save tax: You make bank loan payments from after-tax revenues. Lease payments are expensed. Besides, the extra money you make from using the equipment helps pay for the equipment!
    • You get 100% financing: In most cases, only one or two advance payments are needed to initiate a lease.
    • Odyssey has money for start-ups! Financing the equipment for your new enterprise frees up valuable working capital and helps establish your credit.
    • You pay no sales tax on some equipment: And even if there is sales tax, you pay it monthly with the lease payment, not a lump sum up front as you would with a cash purchase.
    • You get a hedge against inflation: By locking in today’s rates, your payments stay the same even though prices increase!
    • You free up your bank line of credit: Because you’ve financed your equipment, you’re not hitting up the bank for constant short-term loans … so you still have that bank credit available for things like financing inventory, accounts receivable and other short-term needs.
    • You manage peripheral fees and charges more easily: We can roll the extra costs involved in buying equipment (delivery and installation charges, software, etc.) into the life of the lease, amortized with small payments over time!
    • You can work around prohibitive “loan covenants”: If you have outstanding bank loans or lines of credit, many banks place tough restrictions on them as a condition of approving your new loan. Because an Odyssey lease has fewer restrictions, it may be a great way to get the financing you need!