Using GE for leasing equipment helps businesses save money by financing the equipment needed for their companies. As a business owner, you may find that you need several pieces of equipment to distribute goods and services. Purchasing all of the equipment to start or expand your business, however, can be quite expensive. Often small business owners won't have enough cash flow to cover the high costs of equipment.

GE leasing services allows business owners to finance equipment costs and save cash to cover other company expenses. Sharing $50 billion in revenue with GE Capital, GE Leasing Solutions is one of the top equipment finance companies in the United States. Learn more about the following to assist you in using GE for leasing equipment:

1. Evaluate the benefits of GE equipment leasing services.

2. Research the GE leasing equipment financing options.

3. Learn about the application criteria for GE leasing.

Action Steps
The best contacts and resources to help you get it done

Assess the advantages of the General Electric leasing service

A major benefit of GE leasing services is that it allows you to plan for long-term growth by providing you with options to preserve your lines of credit with other financial institutions. You can get the money you need upfront to cover all equipment costs and use any start-up or expansion cash you may have to purchase other business necessities.

I recommend: Check out Forbes magazine to read how GE’s acquisition of several Citibank equipment leasing businesses expands its customer offerings, so even more industries can take advantage of its services. Learn more about the benefits using GE equipment leasing services by checking out Equipment Leasing.

Read more about financing options for GE equipment leasing

Using a leasing service allows you to finance 100 percent of your equipment costs. General Electric Leasing offers a range of flexible terms and financing options designed to meet the budgetary needs of businesses both large and small. Fixed interest rates on GE leasing services allow you to budget for your monthly payment. You can even easily customize your GE leasing payment schedule and terms to suit your unique business financial needs.

I recommend: Visit GE Capital Energy Services to read more about GE equipment leasing service financing options by learning its leasing terms. You can also check out Reuters to learn about GE’s recent financial relationship with Electro Rent Corporation, which allows you, as a customer, to not only use GE's convenient leasing options, but also to take advantage of this company's expertise in the equipment rental industry.

Apply for GE leasing services

Finally, to use GE equipment leasing services, you'll need to complete a leasing application, which is similar to a business loan application. If your application is approved by GE Leasing Solutions, then you'll receive the necessary funding for your business equipment.

I recommend: Learn more about the GE leasing service application process by visiting Lease Business Equipment. Visit GE Capital Solutions to learn more about the types of equipment for which you can apply to finance from GE Leasing.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Before using GE leasing equipment services, consult with a tax professional about the tax benefits of leasing equipment. In many cases, you can reduce your tax obligations by treating your GE leasing equipment payments as fully deductible operating expenses, which can be deducted from pre-tax dollars.

When you’re looking into outfitting your business with equipment, you may want to finance with GE leasing services. GE leasing solutions will make it easier to pay for your equipment without starting off your business venture with a large debt.

GE equipment leasing specifically covers a range of GE products you may want to place within your place of business to make it operational. GE leasing may cover different GE products and services, including appliances, electronics, energy sources, media, security and more.

1. Choose the GE products that you want for your business. Prior to considering General Electric leasing options, you should contact a supplier to decide on the products and services you wish to lease.

2. Contact financial institutions about leasing General Electric equipment. Ask about the different GE equipment leasing agreements they have to offer.

3. Sign up for GE equipment leasing services. You’ll then pay a monthly rate for the GE equipment rental and then return the products at the end of the lease.

Action Steps
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Decide on the GE Equipment for leasing

If you're looking for a specific lease to cover GE products and services, then you'll want to browse product catalogs of suppliers. After you have selected the GE equipment, you can finance the purchase with a General Electric leasing service.

I recommend: You can look at the complete range of products and services on the General Electric Company website. Browse categories, like electrical distribution, rail, electronics, oil and gas, on their site to get an idea about the equipment you need for your business. To get an idea about retail pricing of GE equipment, you should visit the online store AJ Madison Inc.

Compare GE leasing rates and services

You'll have several options when it comes to choosing a General Electric leasing service. You can choose a traditional lease that involves renting the GE equipment until the end of the lease agreement. Other options for leasing General Electric equipment include lease to own agreements.

I recommend: Learn about the different financing options for GE leasing on the Equipment Leasing website. On the U.S. Bank site, the company provides a handy chart that allows you to make comparisons between the different equipment lease agreements.

Choose a GE equipment leasing company

Once you narrow down your leasing options and look at fair market value estimates, you can enter into a General Electric equipment lease agreement with a financial institution.

I recommend: For competitive GE leasing rates, check out the services offered by GCR Capital. Use the online application for quick approval. Capital Funds Leasing can finance your GE leasing equipment needs. Contact one of the company’s representatives to receive a quote on GE leasing services.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  When you sign up for GE equipment leasing, you may find your business eligible for possible tax advantages. Depending on the lease, you can deduct monthly lease payments on your taxes as an operating expense. Also, ask your accountant about your GE leasing service helping you avoid the Alternative Minimum Tax or AMT.

As a way to help cash flow in your business, you can consider GE leasing solutions. GE equipment leasing will involve paying a set fee in order to gain access to pieces of equipment that you need for your company.

GE leasing equipment pricing and costs will involve looking at the different lease agreements and choosing the most cost effective option. GE equipment leasing services will have different rates depending on the type of equipment that you choose, length of the agreement and nature of lease.

1. Browse GE leasing services. Lease services through GE include types for end-users, original equipment manufacturers and equipment distributors.

2. Compare costs of General Electric leasing equipment agreements. Lease types include fixed, floating and lease to buy options.

3. Consider ways to adjust your cost of using a General Electric leasing service. For example, if you are a franchise, you may be eligible for a lower cost lease.

Action Steps
The best contacts and resources to help you get it done

Find information on GE equipment leasing services

You will want to find information on not only the types of leases available, but the different costs associated with getting equipment through GE leasing services. Look for online resources that let you know about down payments, payment structures and ways to lower monthly lease payments. A company can make pre-tax payments on their lease in order to lower your taxable income.

I recommend: GE Capital Solutions provides information on different equipment leases and the contact information required to receive quotes on the lease type that you need. GE Capital Energy has a very helpful FAQs page that discusses the different costs associated with equipment leases through GE, including how a lease can improve cash flow and tips to lower monthly lease payments.

Look at the cost benefits of the different GE equipment leasing services

Lease options through GE include true leases, purchase option leases, fair market value leases, capital lease with service and operating lease with service. With a purchase option lease, you can pay a $1 at the end of the lease term to purchase the equipment while a fair market value lease requires you pay for the equipment at the appraised amount. The equipment is not sold at a fixed rate because IRS guidelines require that the fair market value option must be used in order for the lease to be tax deductible.

I recommend: GE Healthcare Financial Services outlines their three different types of leases and the pricing benefits behind choosing each one. For example, true lease cost benefit include multiple end of term options, like lease renewal and purchase option. GE Equipment Services’ Rail Services has even more lease options open. This department also points out cost benefits, such as the likelihood that the equipment lease will prove tax deductible.

Save money with General Electric leasing

GE offers some of the most competitive rates in the lease industry and you won't need to rent GE brand equipment to receive financing. GE offers special services, like refinancing your current lease agreement in order to access a better lease rate. Also, if you are a tax exempt organization, you will get the lease rates of a true lease while still having the $1 buy out option at the end of the agreement.

I recommend: The Equipment Leasing website outlines the financial benefits of taking out a GE leasing agreement and the different industries that they offer customized lease packages to. Electro Rent is one of the major companies that offer equipment leases through GE and the financial benefits of their partnership is outlined by the news blog AllBusiness.com.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  You must have insurance coverage on the equipment rented through GE leasing services, including loss, theft and fire insurance. This may increase your bottom line.