Benefits Of Yellow Goods Leasing
The term yellow goods refers to material handling equipment like earthmoving equipment, forklifts, hoists, excavators, dozers, elevating platforms, chippers, lighting towers, generators, air compressors, cranes, etc. It is not possible for all users to buy such equipment on outright basis. It requires investment of a large sum of money. Some users need yellow goods temporarily and have no use of such equipment after the project is over. For such projects, it makes sense to use the option of leasing. There are many companies that offer yellow goods leasing services.
The leasing process is fast and easy. Some finance companies also offer switching from current lease agreement to a new one to lower the repayment amounts. Some financial companies have connection with yellow goods retail partners. They can help lease such equipment at lower rates. Companies planning to lease yellow goods should look for a financial company that offers leasing services with minimal documentation, streamlined application process, less or no deposit and no hidden fees. There are major tax advantages in using the lease option in place of direct purchase of the equipment.