Calidon Equipment Leasing

If you’ve found the equipment you want, but your equipment dealer doesn’t offer The No Strings No Surprises Lease, you can work with us directly. Here’s how it works:

1. Call us for a quote. Over the phone we will work together through some different leasing scenarios and find the best fit for you.
2. Once you have a quote that works for you, fill out the online application form, or we can do that for you. We excel at fast approvals and easy online tools.
3. We send lease approval to your equipment dealer and they send us the invoice.
4. Upon receipt of the invoice, we generate lease documents which can be signed by any of the following methods:                               
   • DocuSign electronic signature:  Can be signed on your mobile, tablet or PC.  It only takes minutes, and documents are retrieved at Calidon instantly.
   • Email: Documents are emailed, which can be printed at home, signed and returned using the prepaid Xpresspost label forwarded with the emailed documents.
   • Mailed:  Documents can be forwarded by Xpresspost envelope, prepared for signing, and returned complete with a prepaid Xpresspost envelope.
   • In person:  You’re always welcome to visit our office in Saskatoon and sign lease documents in person.  It’s great to put a face to the name.

1. We receive the contract from you and transfer funds to your dealer.  The dealer arranges delivery of the equipment to you.

There are several good reasons to lease rather than buy. Here are our top three:

1. Tax benefits

• Lease payments can be expensed rather than depreciated as a capital cost.
• When you lease equipment the outstanding debt doesn’t appear on your Balance Sheet so it doesn’t affect the Debt to Equity ratio of your business.

2. Keep your cash in your pocket

• Leasing means you don’t touch your reserves of cash, or your credit line, so they’ll be there when you need them for an emergency or an opportunity.
• No deposit. Your first payment is applied to the balance when the lease Is signed, not like financing through a lender which could typically require a 25% down payment.

3. Transfer wealth to family members

• When the lease ends the equipment can be purchased for 10% of the original value. Family members are welcome to take this purchase option.

Looking for flexibility? You found it. Our payment options can be customized to your business and its cash flow.

• Monthly, quarterly, semi-annual, annual or ‘other’ payments. We’ll make it work.
• You’ll receive a schedule of payments at the start of the lease.
• Pay with pre-authorized payments established with a void cheque.
• Or, pay with post-dated cheques.

If your business changes and you need to adjust your payment schedule, just give us a call.