Golf Course Equipment Leasing and Financing

What is a Lease?
A lease is simply an agreement by a customer to pay a monthly rent for a specific amount of time for the right to use equipment during the term of the lease.  The customer does not own the equipment during the term of the lease, but is usually responsible for insurance, maintenance and all other costs of ownership.

Who Leases?
Eighty percent of all business in the United States and seventy percent of Fortune 1000 companies choose leasing as a preferred method of acquiring the productive equipment needed for their business.

Leasing vs. Financing a Purchase?
Whether to lease or finance the purchase (capital lease) of equipment is a decision that will vary from course-to-course and depend largely on the type of equipment.  Both options have distinct advantages that will appeal to the financial needs of each individual facility.  Below are a few questions that each facility should consider when deciding which option fits their financial needs:

1. What are your facility’s financial goals and resources?
2. How long do you plan to use the equipment?
3. How do the tax advantages of each option benefit your facility?

GFS welcomes the opportunity to tailor financing programs that meet the financial needs and goals of individual facilities.