Leasing is often a good choice for new businesses.
If you need equipment, furniture, vehicles or real estate to grow your business, leasing is a good option when you do not have the cash flow to purchase outright:
Leasing often requires little or no upfront cash.
Leases are for a fixed term. You pay for it as you use it.
Monthly lease payments are fully income tax deductible.
At the end of your lease term, you can choose to lease new equipment or property, or buy the old one at a discounted price.
Ask your banker about whether leasing is right for you. Your RBC small business advisor can help you negotiate lease financing with payments matched to the cash flow generated by the equipment being financed.
