Goplen Ag Services also offers various equipment loan and equipment or facility lease programs options through a variety of lenders. Under our leasing programs there are also funds available for leases on farm equipment, irrigation pivots, farm buildings and grain facilities. Under the loan program, we can provide funds on terms up to seven years on new or nearly new farm equipment. To apply for an equipment loan or lease, please give Neal a call at 509-521-1797 or send us an email through the Contact Us tab above.
Because of the current tax laws, below are some of the reasons a lease program may work for you.
Leasing is FLEXIBLE A lease provides the use of equipment, farm shops, machine sheds, grain bins, or irrigation systems for a specific period of time at fixed rental payments. Leasing allows you to be more FLEXIBLE in the management of your assets.
Leasing is PRACTICAL By leasing, you transfer the uncertainties and risks of ownership to the lessor, which allows you to concentrate on using equipment, farm shops, machine sheds, grain bins, or irrigation systems as a productive part of your business.
Leasing is COST EFFECTIVE For example, equipment is costly and some of the costs are unexpected. When you lease, your risk of getting caught with obsolete equipment is lower because you can upgrade or add equipment to best meet your needs.
Additional benefits of leasing:
Leasing has potential tax advantages.
Your taxable income can be reduced or offset by deducting your lease payment from your gross income in an operating lease.
Leasing helps you conserve operating capital.
Leasing keeps your lines of credit open.
Leasing helps you avoid costly down payments.
Leasing helps you better manage your balance sheet.