leasefeaturedadsfghjkfdsjhgdfghjdklsdfkjgfh

Leasing is a technique of financing equipment and has been in use for a long time. There are many benefits associated with leasing equipment over bank financing or outright purchases.

Major reasons for equipment leasing

Fixed paymentpaymeentrfsdghfjklfdksjhgfdghjkld;psoidufhyghjekfg

Lease payments are usually fixed for the period agreed in most cases. This is a key advantage over bank loans and purchase where interest rate are normally based on the floating rate. Knowing what to payment to make in advance facilitates the ease of budgeting and reduces the risk of interest rate.

Obsolescence protection

Some equipment types when purchased can be obsolete within two years. Leases give provisions for upgrading the equipment economically during the last leap year thus giving the company an obsolescence protection. Even though the leasing company still holds the equipment title, the vendor is allowed by the contract to provide trade-ins on the equipment in question.

No down payment

Banking institutions require some down payment before they can finance most equipment. In lease transactions, however, the whole amount is financed with the first and last payment required during the lease inception time. In some situations, when the financial situation of a company is insufficient to support the lease amount, then a small payment may be necessary.

Working capital conservation

The main reason why most people lease equipment today is because of working capital conservation. During lease financing, the working capital is normally freed up for use in the daily business operations like inventory purchase, trade shows, hiring employees and advertising. Lease thus essentially allows companies to lower the invested amount in depreciating assets and use it to generate higher returns.

Bank credit lines preservation

No company will want to operate at the top of the credit line hence they are often reluctant to involve the banks in increasing their credit lines. It is wise that companies have business practices that will make sure there are funds for unexpected slow months or quarters, damage claim or unpaid receivables. Leasing will create a credit facility without affecting the relationship with the bank.

Enhances corporate image

Vehicles and equipment companyimagedsfdghfjkglkfjdhsgfdghfjkretyueiuyrtyuin the line of production all usually have a significant impact on the image of a company. By leasing these assets, they get to look fresh, new and create a picture for successful companies.

Leasing is a means of acquiring equipment, and this is why the manufacturer of equipment normally start their leasing arms as a way of helping their customers in the acquisition of products efficiently.…

financialplanningjskdfkgjhdsjksdjfhjksdj

Choosing a financial advisor or planner is not just about getting someone with CPA certification. Even those that have these qualifications may not always act in the best interest of the client. To ensure your advisor is qualified in finances and give impartial advice, there are factors you need to consider.

Factors to consider when selecting a financial planner

Planning credentialscertificationeszxdrctfvgybhnjdcftvgybhn

Credentials in financial planning like PFS and CFP usually confirm that the professional you plan to hire has the right education and experience to do your financial planning the right way. These certifications are only awarded to those who meet the requirements of experience as well as education in financial planning. These individuals also have per taking and pass the examinations and agree to abide by the practice standards and requirements. Ensure to go for certified financial planner.

Client specialization

All financial planners may not be able to serve all customer types. Financial planners usually specialize in certain customers with particular profiles. One financial planner may specialize in serving only specific professions or customers at a given stage of life, the net worth of financial goals. You should ask your planner whether they specialize in serving specific customers to know if they are fit for your financial goals and situation.

Fee structure

This factor will largely determine whose interest the financial planner will serve best. Fee-based professionals charge fees and earn commissions as well whereas fee-only professionals charge fees only for their advice. Other expenses like referrals are recommended when you choose a financial planner. Ensure that the advisor you settle for has a conflict free fee structure and benefits that are aligned with you.

Availability

The financial advisor you select should be available regularly, accessible to you and attentive. Get to know how many availabilityasdcvgbhgfdcvgbsdcfvgbhewdrfvtgbclients your planner is serving currently and the maximum number they plan to serve in future. This is a key factor in your planner accessibility and availability in future. You also need to ask what planning activities your planner will perform and make sure can be reached by phone or email easily during normal working hours.

Having unbiased and qualified financial planners is important in the journey towards achieving your financial goals. Professional credentials, specialization, and fee structure are the most important factors for selecting a financial planner. Consider these factors to help your choose the best financial planner who can help you plan your financial needs.…