Here are some facts to think about when considering a boom truck purchase via cash, a lease, or a loan.

Liquidity: The #1 reason businesses fail is due to lack of capital. Maintaining an ample cash balance in your checking account should be a top priority for a company of any size. Conserve cash for the times it is most needed by leasing your next commercial vehicle.

Flexible Payment Options: Leasing is an extremely flexible financing tool, allowing you to make lease payments when your commercial vehicle is producing revenue. Unlike bank loans that only offer fixed, level payments, leasing can offer flexible payment options. Ask a BoomTruck.com consultant about our step-up, deferral, skip, sale-leaseback and/or annual payment programs.

Tax Advantages: Leasing provides your company with substantial tax advantages you cannot attain when you pay with cash or finance via a traditional bank loan. Wouldn�t you benefit from new boom truck AND a smaller tax bill? Do not wait maximize, your tax benefit this year via the recently modified IRS Section 179, which enables businesses to write off hundreds of thousands of dollars in leased boom trucks. Alternatively, write off 100% of each monthly lease payment as an operating expense throughout the entire term of the lease.

Convenience: At BoomTruck.com, simply complete our one-page business lease application and return it to us with your boom truck quotation, and you can anticipate our prompt response.

100% Financing: Conserve your line(s) of credit to support your accounts receivable, inventory, and other working capital needs. Financing your boom truck should not require a large cash down payment. Leasing can provide 100% financing, enabling you to purchase the commercial vehicle you need without a significant cash outlay.

Used Boom Trucks: Many lenders avoid financing used commercial vehicles. While often less expensive, used boom trucks present added challenges to bank lenders, who are usually less familiar with the productive life and resale values associated with used commercial vehicles. Regardless of where you plan to buy your next commercial vehicle, BoomTruck.com will likely have a variety of equipment leasing alternatives from which you can choose.

Quick Turnaround: If your company is like most, timing is everything. BoomTruck.com allows you to avoid a lengthy approval process. Upon receipt of your credit application and commercial vehicle quotation, you can expect a response from BoomTruck.com within 24 to 48 hours.

Prevent Capital Budget Restrictions: Can your company really afford to wait until next year's budgeting process to acquire the equipment you need now? Boom Truck's equipment leasing programs are the ideal way to acquire equipment today without being subject to your company�s annual capital budget restrictions.

Conserve Bank Lines: Equipment leasing is ideal when it is used in conjunction with bank financing. If your business has been successful in establishing a borrowing relationship with a local bank, why use up available funds on a commercial vehicle purchase that is easily financed via leasing? Conserve your bank borrowing availability to support your company's ongoing cash flow needs.

Off Balance Sheet Financing: Leasing is the perfect tool to acquire new equipment without also leveraging your company's balance sheet. In addition, the payments relating to an off-balance sheet lease are oftentimes fully tax deductible. If new debt may threaten an existing bank-borrowing covenant, an operating lease may be the perfect solution to your next commercial vehicle acquisition.

Fixed Payments: You will not need to worry about the rising cost of money. Unlike a line of credit, home equity line, and/or credit card, your monthly lease payment will not increase as the cost of money increases. Now is the perfect time to lock in a low monthly lease payment.

Start-Up Financing: A bank may not consider extending credit if your organization does not have a minimum of two years in business. Typically, the only lenders that will supply financing to start-up businesses are those with a niche expertise in a particular line of equipment or industry. Therefore, if you are a new business owner, leasing may be your best and most competitive option for obtaining your new boom truck!

Establish Credit: BoomTruck.com offers the perfect means for new businesses to establish credit. As your business grows, you will need to either trade up or acquire more equipment to meet your increased demand. By establishing your credit with BoomTruck.com, it will be easier to purchase your next boom truck.