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Financing options

StepUp now is capable of providing your company with equipment lease structures to help meet your business needs.

Equipment Finance Agreements

A finance lease is a full-payout, non-cancelable agreement, in which the lessee is responsible for maintenance, taxes and insurance. Finance leases are most attractive in cases where the lessee wants the tax benefits of ownership or expects the equipment’s residual value to be high. These leases are structured as equipment financing agreements with residuals up to 10 percent. The lessee purchases the equipment upon lease termination at a pre-agreed amount. The term of a finance lease tends to be longer, nearly covering the useful life of the equipment.

Capital Leases

This type of lease classified and accounted for by a lessee as a purchase and by the lessor as a sale or financing, if it meets any one of the following criteria: (a) the lessor transfers ownership to the lessee at the end of the lease term; (b) the lease contains an option to purchase the asset at a bargain price; (c) the lease term is equal to 75 percent or more of the estimated economic life of the property (exceptions for used property leased toward the end of its useful life); or (d) the present value of minimum lease rental payments is equal to 90 percent or more of the fair market value of the leased asset less related investment tax credits retained by the lessor.

Operating Leases

An operating lease is particularly attractive to companies that continually update or replace equipment and want to use equipment without ownership, but also want to return equipment at lease-end and avoid technological obsolescence.

Tax Lease

A lease, wherein, the lessor recognizes the tax incentives provided by tax laws for both investment and ownership of equipment. Generally, the lease rate factor on tax leases is reduced to reflect the lessor’s recognition of this tax incentive.

Why Should You Consider Leasing?

The benefits of leasing

Rent it and hand it back – or lease it and keep it

Control your cash flow

Own the equipment outright at the end of the agreement

Spread the tax over the term of the lease

Monthly rentals makes it easier to budget for your business

Win more contracts

How does it work?

Step 1: Simply choose the scaffolding products you need to have

Step 2: Work out the quantity and delivery dates with StepUp Scaffold

Step 3: We send you a quote based over a 1 to 5 year term

Step 4: We obtain credit clearance

Step 5: You sign the agreement and we deliver the products ... everyone wins!

We know your business

We know your business and we don't wrap things up in finance jargon.

We are offering our business partners a more attractive alternative as a powerful way to help our customers grow their business.

100% of the companies we speak to will save money over a 3-year period by purchasing as opposed to renting equipment.

Call us today to learn more!

Did you know...?

20% of companies we speak to have finance scaffold in materials in the past

40% of companies we speak to understand the benefit of leasing

60% of smaller companies we speak to don’t know that you can lease scaffolding equipment

80% of companies we speak to are eligible for a leasing arrangement within 24 hours

100% of companies we speak to will save money over 3 years by leasing as opposed to hiring scaffolding equipment

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