Leasing equipment, vehicles, and trailers is something that happens often in today’s world and can make a lot of financial sense, especially in a business environment.
What a lot of people don’t know is that leasing options for the agricultural community extends to buildings as well. Most people don’t realize that leasing a new barn, shop or storage building is just as easy as financing and while interest rates may be slightly higher than regular loans, a couple key benefits may make leasing the right option for you!
Quick and painless: Rates are based on your credit rating and the approval process tends to be faster than that of a bank.
The entire cost of the building could be tax deductible: Rather than just the interest portion of a purchase payment, the entire yearly cost of the building could be written off against your income.
Save your cash: No traditional down payments help preserve your cash reserves and frees up space on your Operating Loans or Line of Credit for other farm expenses.
Our sales team can point you towards a leasing company that can fit your needs, and support you through the buying process. Call us today to make your building dreams a reality.