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Leasing

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Leasing strategies to build your business and agricultural enterprise

Leasing allows your business to become more productive - and more profitable.

 
 

The leasing advantage

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Stride Credit Union has partnered with Calidon Equipment Leasing to help you access the tools and machinery you need to keep your business moving forward. Whether you're running a farm, managing a fleet, or operating a commercial enterprise, we offer flexible leasing options for a wide range of equipment—from tractors, trucks, and sprayers to trailers, storage bins, construction gear, and more.

This service is ideal for agriculture and commercial members who want to make a smaller down payment on equipment and maintain a higher cash reserve for their business. 

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Farm Building  250,000.00
Machine Shed  183,000.00
Hopper Bins 55,800.00
Baler  75,000.00
Hopper Bins  91,515.00
Swather  43,061.00
Hay Conditioner  19,000.00
Farm Shop  162,000.00
Grain Bins  65,130.00
Sprayer  102,500.00
Grain Auger  51,999.00
Fertilizer Bin  36,800.00
Header  40,000.00
Combine 75,000.00
Super B Grain Trailers  173,080.00
Landroller  64,556.00
RO Water System  17,795.00
Auger  24,908.00
Air Drill & Air Cart  695,104.00
 
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Your leasing questions answered

A lease is a contract between a lessor (owner) and lessee (user) to rent an asset, be it land, a building, or machinery, for a set period of time, with set payment terms. A typical lease period ranges from one year to as many as ten or 20 years.

Leasing allows your business to get the equipment you need without the high cost of ownership. With a lease, you can replace or upgrade equipment at the end of the lease term, using the capital you've saved to invest or expand. Additional leasing benefits include:

  • Spreading taxes (both GST and PST) over the term of the lease
  • Potential to expense your entire rental, resulting in tax advantages
  • Fixed rental payments over the term of your leasing contract
  • Simple application process

Almost anything you can buy, you can lease! Some equipment is preferred for leasing, such as manufacturing, processing, professional, government, and agricultural sectors.

There are several options at the end of your lease term:

  • continuing to lease
  • purchasing the equipment
  • returning the equipment to the leasing company

Should you choose to purchase your leased equipment, the following options exist for the purchase price:

  • price based on Fair Market Value (FMV)
  • $1 Buy Out price, in which you pay $1 to purchase your leased equipment

The end of term options are decided by you, the lessee, and structured into the lease prior to execution.

​Have more questions?

Don't hesitate to reach out! Our experts will happily help you figure out your options and what they mean for your business.

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Have more leasing questions?