Category: Equipment Leasing

Why should I lease IT hardware, software and equipment?

In this series of upcoming blogs, Crestmark Equipment Finance will share the many reasons why seven out of 10 businesses choose to finance their equipment through leasing versus paying cash, placing on a credit card or opting for a bank loan. This week, Crestmark Equipment Finance discusses the advantages of leasing IT equipment including hardware,… Read more »

Don’t Wait to Upgrade Your IT Systems – Leasing Provides a Tech-Friendly Solution

A November article in Crain’s Detroit discussed “How 3 firms said ‘bye’ to old tech, overhauled IT and rebooted their bottom lines” – by upgrading their current systems to better serve employees and their customers. The article focused on how most small and medium-sized businesses need to invest in their IT infrastructure with significant technology… Read more »

Michigan-Based TIP Capital Named as Top 25 Independent Leasing Company Nationwide

BLOOMFIELD HILLS, MI – TIP Capital, a leading equipment financing and asset management company headquartered in Bloomfield Hills, Michigan, was recently ranked as the 12th largest private independent leasing company in the United States for 2013 in terms of new business volume by the Monitor, the leading independent trade publication in the equipment finance and… Read more »

Crestmark Equipment Finance Selects ASPIRE™ From LEASETEAM, Inc.

OMAHA, NE March 10, 2014 — LeaseTeam, Inc., the premier solution provider in the equipment and finance marketplace, is pleased to announce Crestmark Equipment Finance has selected LeaseTeam’s single system end-to-end lease and loan management solution. Crestmark Equipment Finance services two business channels: middle market, asset-based high technology and small ticket vendor-driven business. To support… Read more »

School Districts Should Leverage Technology Leasing to Acquire New Equipment

Last week, Grosse Pointe Public Schools in Michigan saw voters defeat a $50 million proposed technology bond issue to replace/add generators, upgrade phone systems, add new security cameras and doors, and install a private fiber-optic network. According to an article in the Detroit Free Press, the proposal was defeated 8,617-3,718 (unofficial results). The 10-year measure would… Read more »

Equipment Leasing 101: Choosing Between a Fair Market Value and $1 Buyout Lease

In this week’s blog, Crestmark Equipment Finance explains typical end of lease purchase options available to a customer when the lease terminates at the end of his or her selected monthly term. In the equipment leasing industry, the “standard” buyout options consist of Fair Market Value (FMV) and $1 Buyout (or $1 Purchase Option) with… Read more »