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Equipment leasing gives you access to much-needed equipment without the higher monthly cost associated with a loan. In many cases, your business can also avoid a down payment, saving you thousands.
Equirex Leasing Corp., is a capital leasing (or asset-based lending) company with its headquarters in Oakville, Ontario, Canada. Founded in 1996, Equirex finances leases in every province in Canada. [2] The company serves multiple markets including agricultural leases, "B-Finance" capital leases, and industrial equipment leases.
The bank serves clients both in Western Canada and in other provinces. It was announced on June 11, 2024 that it would be acquired by National Bank of Canada in 2025. [2] The CWB Financial Group is made up of 10 banking, lending, wealth and trust companies. [3] Its loan book is almost equally represented across BC, Alberta and Ontario. [4]
Such arrangements are also known as lease-option, lease-to-own or lease to purchase option. Hire purchase, used in the UK and other countries for the purchase of cars, other consumer equipment and business equipment. The term lease-purchase is also used. Closed-end leasing, used in the US and Canada for the leasing of cars.
Equipment loans often have a higher payment than an equipment lease but allow you to own the asset outright at the end of the loan term For many business owners, buying equipment is an important ...
Equipment rental was first developed in Anglo-Saxon countries. It emerged in the UK after the First World War and has now become a multi-billion euro business providing a wide range of construction and industrial equipment for customers globally.The American Rental Association was founded as early as 1955, [1] and the first waves of consolidation took place in the 1970s in North America ...
While playing minor league hockey, Dovigi began gaining business and entrepreneurial experience. From 1999 to 2002, Dovigi served as vice president of Right Lease, a construction equipment and automotive leasing company. In 2002, Dovigi gained exposure to corporate finance when he joined Brovi Investments.
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