Should you lease or buy your golf course equipment?
If leasing appears a good option, there are basically two types of leases for golf course equipment: Fair Market Value Lease: This type of lease is written with substantial residual value at the end of the term. Full-payout/Capital Lease: From a tax standpoint, this lease is actually a conditional sales contract.
How much does it cost to lease a golf cart or clubhouse?
You need golf carts and clubhouse amenities, which cost a combined $80,000. Acquiring all that equipment isn’t possible with a purchase, but it is with leasing. Equipment leasing will spread the cost of your golf carts and clubhouse equipment over years with scheduled payments, meaning you’ll pay only a fraction of that $80,000 cost each year.
How do I set up a fixed percentage commission for leasing?
Find ‘Leasing Costs’. Using the dropdown under ‘Commissions Unit’, select “Fixed %”. After selecting this, two new assumption fields should appear entitled “Commissions” and “Commissions Timing”.
What is a fair market value lease on a golf course?
A fair market value lease is good for golf course maintenance equipment you might use regularly and frequently and then replace at the end of the lease term. Think mowers, blowers, golf carts and utility vehicles.
What is fair market value lease?
What is Toro financing?
Is a full payout capital lease a conditional sale?
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Financial Support
You give the game your all, so John Deere Financial gives you world-class support. Everything we do is designed to assist you in the smoothest and most efficient way.
The Benefits of Golf & Sports Turf Equipment Leasing
Give your business a solid edge by leasing your golf and sports turf equipment. John Deere Financial is motivated to make the numbers work for you.
Get Ahead of the Game - Start Your Application Today
Score your new John Deere turf maintenance equipment financing faster by filling out a Golf Course profile application or a Sports Turf profile application before you meet with your local John Deere dealer.
Dealer Visit Checklist
Sit down with your John Deere dealer - they’re ready to help you identify your golf and sports turf equipment finance needs and make John Deere Financial leasing work for you. Here’s what you’ll need to provide:
Payment Calculator
Run the numbers yourself right here, and get help finding your best loan or lease option.
Golf Car Leasing
From tailoring a golf car lease to maximizing the financial performance of your golf car fleet, to adding a few extra cars- we will customize a lease solution to reflect the usage specific to your course requirements.
Turf Equipment Leasing
Today’s marketplace makes leasing (rather than purchasing) a preferred choice for many golf course owners. Through the design of a creative lease plan, courses can enjoy more control over their cash flow, with reduced maintenance costs and less downtime achieved by acquiring newer equipment sooner.
Golf Course Mortgages
We provide mortgage financing to satisfy the needs of a select number of golf courses. This brings the additional benefits of industry competitive terms, timely in-house credit adjudication, flexible repayment schedules and our extensive experience in the golf industry.
Golf Course Non-core Assets
In addition to traditional equipment leasing, we offer leases for non-core assets such as above-ground irrigation components and pump stations, kitchen and restaurant equipment, general office equipment and much more.
What does leasing equipment mean?
Equipment Leasing means increased flexibility – financial flexibility and the flexibility to know that you can upgrade your equipment after a few years. With leasing, you won’t restrict your equipment options because of budget. You’ll get all the equipment you need to keep your course and clubhouse running at their best.
When does an operation earn the majority of its revenues?
Your operation earns the majority of its revenues during summer months when your course is its greenest, so why not pay for your equipment then, too? With leasing, you can structure your lease payments to correspond with busy periods so you’ll pay for your equipment when it’s making you money.
Can you write off equipment leasing?
You can potentially write off your equipment leasing payments as a tax expense rather than depreciating the capital cost of your equipment. However, you should always speak with your accountant about your tax options before acquiring any equipment.
What is fair market value lease?
The fair market value lease, an operating lease also known as a 'true' lease, provides the lessee with a great deal of flexibility at the conclusion of the lease period. When the lease ends, the lessee can give the equipment back, renew the lease, or opt to buy the equipment for its market value.
What is capital lease?
A capital lease is the right choice for businesses looking to lease equipment long term with the aim of owning the equipment at the conclusion of the lease period. In contrast, under the terms of an operating lease agreement, the lessor remains the owner of the leased equipment and is responsible for any tax, insurance, ...
When are LCs paid?
LCs are paid at the start of the lease (sometimes they are ½ at lease execution and ½ at tenant move-in date). They are commonly paid both when a new tenant occupies a suite, and when an existing tenant renews a lease. How to Calculate a Leasing Commission (LC) The LC amount is paid by the owner based upon a percentage of the lease value (i.e.
What is a LC?
Leasing Commissions (LC’s) A leasing commission (LC) is a fee paid by a building owner to a leasing broker (“tenant rep”, “landlord rep”, or both) for procuring a tenant that successfully executes a lease with the owner.
What is fair market value lease?
Fair Market Value Lease:#N#This type of lease is written with substantial residual value at the end of the term. A Fair Market Value lease isn’t usually recorded on your balance sheet, but rather is treated like a rental for accounting purposes.
What is Toro financing?
In short, Toro financing is a tool to help you tailor the best, most viable long-term plan for acquiring and managing your assets. When people ask me an important business question, they probably expect a straight answer.
Is a full payout capital lease a conditional sale?
Full-payout/Capital Lease:#N#From a tax standpoint, this lease is actually a conditional sales contract. At the end of the lease, you own the equipment, so the advantages and tax benefits of an outright purchase also apply.
What is fair market value lease?
Fair Market Value Lease:#N#This type of lease is written with substantial residual value at the end of the term. A Fair Market Value lease isn’t usually recorded on your balance sheet, but rather is treated like a rental for accounting purposes.
What is Toro financing?
In short, Toro financing is a tool to help you tailor the best, most viable long-term plan for acquiring and managing your assets. When people ask me an important business question, they probably expect a straight answer.
Is a full payout capital lease a conditional sale?
Full-payout/Capital Lease:#N#From a tax standpoint, this lease is actually a conditional sales contract. At the end of the lease, you own the equipment, so the advantages and tax benefits of an outright purchase also apply.