Gorman-Rupp's leasing program is a financing option that allows you to enjoy the benefits of the most reliable state-of-the-art equipment now. The process is easy, customizable and can be made to fit a variety of financial situations allowing the acquisition of equipment quickly and when it is needed.
According to the latest Equipment Leasing Association study, 83% of smaller businesses currently rent some type of equipment. Industrial and manufacturing equipment was the second most leased equipment category. Depending on the situation, there are times when leasing makes sense for every size and type of business.
Sometimes the pumping equipment necessary to grow a business can represent a substantial investment. The best time to acquire a new piece of equipment is not always when it makes the most financial sense to make a significant purchase. The Gorman-Rupp leasing program allows businesses to acquire the pumps and accessories they need, when they need them, without causing unnecessary strain on month-to-month operations.
Gorman-Rupp offers the best solutions in the pumping industry. When pumping needs have outgrown current equipment, the program can help organizations quickly acquire the most reliable pumps available, backed by the most responsive service in the pump business.
Payments made by lease program participants are considered operating expenses and not capital expenditures, so they can be written off immediately. This often accelerates tax deductions when compared to depreciating assets over five or seven years.
Leased equipment offers the advantage of fixed payments over a set period of time. This means simplified planning and forecasting. Fixed interest rates also mean payments will not increase as interest rates increase.
A simple one-page application can get qualified customers up to $100,000 in Gorman-Rupp equipment without providing financial statements or tax returns. Decisions are usually made within 24 hours. Leasing programs are designed to offer a simpler, faster approach to financing than bank loans.
Our financing program is managed by Horizon Keystone Financial. Please visit their site for more information and to apply for Gorman-Rupp Equipment Leasing.