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What Happens To The Canadian Equipment Financing Asset At The End Of My Firms Equipment Lease?Article Summary: Information on equipment financing and the asset lease in Canada . What are key factors at the end of a lease [url=http://www.davidhabchy.com]barbour sale[/url] term that the Canadian business owner/manager needs to address?
Billions of dollars of assets are financed [url=http://www.par5club.com/louboutin.php]louboutin[/url] via leases every year in Canada.. What happens to these assets at the end of the lease, and how are some of the asset disposition and sales issues handled by your firm or the lessor? Let's examine some of the facts relative to the Canadian marketplace for equipment financing. Let's dig in.
Naturally a significant amount of time is spending at the inception of leases in determining the new or used value of equipment to be leased. In cases where used equipment is being financed there is a need for appraisals and inspections, which are usually performed by independent third [url=http://www.fayatindia.com/giuseppe-zanotti.html]giuseppe zanotti pas cher[/url] parties who have a strong sense and professional experience in valuing these assets. In certain cases where a lessor has repossessed equipment and the asset is for sale then an appraisal is also a very valuable tool.
At the end of the lease, depending upon the structure and type of the lease, the business owner or financial manager must enter into negotiations to address the final disposition of the equipment. We must remember that your firm entered into what is known as an [url=http://www.riad-marrakesh.fr]abercrombie pas cher[/url] 'operating lease 'you have in fact opted to 'use' equipment, rather than 'own 'it.
That of course infers equipment being returned to the lessor, or, per the terms of your contract, it can be purchased. Purchasing equipment at the end of a lease has significant implications for you around the value and use of that equipment. Naturally if [url=http://www.rtnagel.com/airjordan.php]nike air jordan pas cher[/url] you intend to simply return the equipment the lessor [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] is chartered with disposing of that equipment.
We also note that it is a prudent business decision for Canadian business owners to monitor the value of leased assets through the term of their lease, especially important as the lease approaches termination. As the lease approaches its end of term the lessor may also invoke its right to inspect the equipment, suggest [url=http://de.xxfanli.com/home.php?mod=space&uid=148831][/url] return provisions, and, most importantly to the Canadian business owner, start to suggest the purchase price of the asset if in fact your firm wishes to keep the asset, if in fact you have entered into that type of lease.
WARNING - BUSINESS ALERT ! Make sure you ensure your lessor has the responsibility to notify your company prior to end of the lease term . If that is not agreed upon, diarize the lease end of term. Thousands and millions are made by leasing companies in North America who continue to bill at the end of your lease term, simply because that [url=http://www.anepf.fr]doudoune moncler[/url] issue was not documented properly ! They wouldn't do that, would they?
From the lessors perspective it wants of course to ensure a reasonable and proper value of the equipment. A major term in Canadian equipment lease financing is a term called 'fair market value '. That term suggests that the asset under lease has a value to someone in the marketplace assuming there are a willing buyer and a willing seller.
The business owner or financial manager will want to look back at the asset and understand any upgrades or maintenance that was performed on the asset. Business owners are encouraged to look out into the marketplace and determine what current values are - the internet has become a fabulous asset to lenders and borrowers in assessing [url=http://www.mastercyid.it]moncler outlet[/url] the true market value and availability of many asset types.
There are hundreds, perhaps thousands of used equipment dealers, brokers, and remarketers who can provide solid input into the value of the asset. Naturally contact several sources rather than one is a prudent action for both the lessor and the Canadian business owner.As information is gathered the true value of the asset will emerge.
In summary, as a general rule it is incumbent on the lessor or finance firm to [url=http://www.marrakech-hotel.fr]hollister france[/url] ensure proper diligence and procedures around assets coming off lease. The lender want to ensure they are made whole on the transaction, as leases are a combination of interest charged and asset realization at tend of term. [url=http://hydroponicsvision.com/forum/viewtopic.php?f=7&t=665253]www.lotogame.fr/hollisterfrance.php Bestsellers In[/url] For the Canadian business owner proper care, [url=http://www.ttcarpets.co.uk]mulberry sale[/url] maintenance, and on going valuation of the leased assets is a valuable investment in [url=http://www.villazuki.it]woolrich sito ufficiale[/url] time and cost. This investment becomes more important as the business [url=http://www.tileproject.net]barbour outlet[/url] owner evaluates disposition options at the end of term.
Stan Prokop - founder of 7 Park [url=http://www.aretra.it]hogan outlet[/url] Avenue Financial - business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . [url=http://www.leewillis.co.uk/wordpress-plugins/comment-page-1/#comment-462633]Topical Treatment for Genital Warts - written by vita li[/url] In business 10 years - has completed [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] in excess of 85 Million $$ of financing for Canadian corporations . Core competancies include receivables financing, asset based lending, working capital, equipment finance, franchise finance and tax credit financing. Info re: Canadian business financing & contact:

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