Choose the budget you will use to bid on your preferred equipment.
Pre-approve yourself for your budget, or more, to make your bidding day easy and stress free. Get Pre-Approved
Advantages of Leasing over Buying:
Low Monthly Payments
Pay convenient monthly payments as you earn profits by use of the equipment, increasing your return on investment and meeting your budgetary obligations.
Rather than spending the equipment amount, keep your money in the business for emergencies, slow times, expansion, cash flow, etc.
Lease payments may be fully deductible business expense.
Retain Borrowing Power
By leasing your equipment through Mayo, you do not affect your future or current ability to borrow from your own bank. Equipment leasing conserves your lines of credit and loans for other expenditures.
Limited Security and Disclosure
Leasing maintains only a security interest in the equipment on lease and has limited disclosure. Banks take a security interest on all of your company's assets and require detailed financial disclosure of your business and personal information.
Improved Cash Flow
Equipment leasing improves cash flow with no large capital outlay.
Reduce Long-Term Debt
Carry a fixed term payment stream to guarantee paying the equipment in full in the most efficient timeline possible as opposed to dragging on a loan over an extended period of time. Enjoy the security of a fixed rate.