MarkleBank has partnered with SCI Leasing Group to provide our staff and customers with access to the expertise and experience of one of the oldest leasing companies in the Midwest. This allows us to provide you with the level of personalized service we believe you deserve. We understand your needs and respond quickly to assist you with structuring flexible lease plans that fit your specific needs.
The Leasing Alternative
Leasing is no longer an option just for large corporations as businesses of all types and sizes now use leasing to acquire equipment. Farm equipment leasing has dramatically increased in recent years and more agriculture equipment is now leased than ever before.
What Can Be Leased?
Just about any type or brand of new or used equipment can be leased. This includes tractors, combines, sprayers, implements, grain bins, grain dryers, irrigation equipment, trucks, fertilizer equipment, machinery buildings, and more.
What Happens At The End Of The Lease?
At the conclusion of the lease, you have several options depending on your needs. You can arrange to buy the equipment, you can return the equipment to us, or you can simply renew the lease for an additional length of time.
Why Is Leasing So Popular?
- Leasing offers you clear, fixed-cost financing. You know the exact amount of future payments and avoid the risks and uncertainties of fluctuating interest rates. You can more closely estimate both costs and profitability over the near and intermediate term.
- When structured properly, equipment lease payments are fully deductible as opposed to depreciating the value of the equipment. Leasing may significantly accelerate deductions and lower after-tax equipment costs.
- Leasing allows you to conserve your working capital. It frees your money for more profitable uses while providing use of new equipment. As the familiar saying goes, "Buy assets that appreciate, lease those that depreciate."
- Leasing allows you to pay for your equipment as you use it. Often the revenue generated or savings created through the use of the equipment is sufficient to cover the lease payments.
- Leasing may enable you to acquire equipment at the lowest possible purchase price. Because our lease represents a cash purchase to the dealer, you should benefit from all possible purchase discounts.
- Leasing may open a new credit source. It allows you to maintain your existing credit sources while establishing a new relationship.
- Leasing makes things simple as it allows you to easily figure per-acre costs or to divide cost and tax deductions among partners. It can also be used as an excellent way to transfer equipment within a family.
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