In addition to loans, AgSouth offers leases, an excellent option for those needing to get the most out of available credit.
Equipment:
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Obtain the equipment you need without maxing out your available credit.
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No down payment leases allow you to keep your money working for you where you need it.
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Your lease payment is generally 100% tax deductible. Your tax deductions may be affected if you buy equipment in the last quarter of the year. If 40% or more of the total equipment you buy over the year is purchased in the last quarter, the IRS imposes the "mid-quarter convention." The right lease may help you avoid the deduction issue. See your accountant for details.
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Payments are based on use during the lease, not the equipment's whole life. Therefore, payments are usually lower than with a typical purchase.
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Your lease terms are custom fit to your situation. Need quarterly payments? Annual? Because our leases are flexible, we have the terms you need at the rate you want!
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Purchase option - more choices! Upon expiration of your loan, buy the equipment, renew your lease or return it for a newer model.
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Set up so you have the equipment during its prime. YOU determine the length of the lease.
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Leases can be set up on a monthly, quarterly, semi-annually or yearly schedule so that your lease payments match your cash flow.
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Already have the equipment? Talk to us about a sale-leaseback.
Buildings:
Vehicles:
Commercial Operations:
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Fleet Vehicles
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Computer Equipment
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Point-of-Sale Systems
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Medical Equipment
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Office Equipment
Leasing may also help you realize a tax advantage. Talk to an AgSouth loan officer to get all the details about leasing so you can determine what's best for your situation.
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