At AKFIT Fitness superstore we understand that financing can be a critical and important component for any successful business. AKFIT  as partnered ourselves with some of the best equipment leasing and finance companies in Canada. To learn more contact us at 1-866-Go AKFIT  or email sales@akfit.com.

Why Lease?

Conserve Your Cash
Leasing allows you to conserve cash and leverage up the buying power of operating or capital budgets and overcome budget limitations

100% Financing
Unlike other forms of financing such as a loan, you typically do not make any down payment on a lease and installation and warranty may be included.

Preserve Lines of Credit
Valuable cash and lines of credit are preserved to grow your business - leasing allows you to maintain a steady budgeted cash flow. No one in business experiences financial difficulty because they have too much cash on hand.

Potential Income Tax Benefits
In many instances, leasing provides income tax benefits and the assets do not appear on the balance sheet. Debt to equity ratios are unaffected. Office equipment leases can be written off entirely as a rental expense.

Match Expenses to Revenue
Leasing allows you to add extra equipment and accessories for very small monthly costs as part of the lease. As an example, you can add additional consumables or supplies and accessories up front into the lease to be carried over the long-term. This allows you to buy additional items or supplies you will need to maintain or use the equipment and cover them in the lease payments at present value.

No Pre-Payment of Taxes
The HST on rentals is paid over the term of the lease; you do not prepay these taxes in full up front.

Tailored Payments
Repayment can be tailored to your cash flow and budgeting needs! Often the first 3 months payments are set to zero to allow the equipment to generate income

Choose the Type of Lease That is Right for You?

• 10% Purchase Option.
  Businesses can benefit from a guaranteed early purchase option of 10% of the equipment subtotal at the specified month, or the lease can stretch to a longer term and be FMV. This lease shows all costs in writing and provides ease of budgeting, maximum tax flexibility, and yet the benefits of a guaranteed purchase for those who want to own their equipment .
• Fair Market Value.
  Ideal for technology that you wish to rent but not necessary lease to own. At end of term businesses may buy the equipment for Fair Market Value or return it to the Lessor.
• $10.00 Purchase.
  Similar to a 10% buyout, this lease affords a guaranteed purchase option in writing but the option amount is $10.00 and considered a bargain purchase and therefore more of a traditional finance structure.