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Finance & Leasing ( Trailers )

 

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Financing and Leasing Companies that HaulRite has available for you:

National Leasing Logo
The Company

Forward Thinking. Progressive. Innovative

Established over 30 years ago, National Leasing provides sound financial solutions to businesses throughout Canada. A recognized leader in equipment financing, National Leasing has built an envied reputation for innovative lease financing solutions backed by professional service.

Headquartered in Winnipeg, Manitoba, National Leasing is a privately held, 100% Canadian owned company with experienced representation in every major city in Canada. 




Polaris Leasing - Equipment leasing for Canadians since 1963

Trailers

We specialize in trailer leasing with a wide variety of types available for lease:

  • Enclosed Cargo trailers
  • Equipment trailers
  • Goose neck trailers
  • Stock Trailers
  • Flat Deck trailers
  • And more


Out Team goes further for you

Competitive rates and expertise bring new customers here.
Great people and values bring them back.

Since 1963, Polaris Leasing has been bringing added value to Canadian small and medium sized business. Recognized as one of Canada's first dedicated equipment lease companies, we've pioneered a number of innovative lease structures to benefit our customers, including seasonal, variable and step-up/step-down programs. We've provided a variety of new programs to a host of resellers and manufactures, and watched a great number of businesses grow successfully along the way.

Since that time, we've expanded from our Manitoba roots to offer lease financing across the country. Importantly though, we strive to maintain the values of a small company, treating each customer individually with fairness and respect that earns repeat business. We're proud to have a long list customers we've known for years, as they rely on us to secure financing that meets their bottom line, and a commitment to always keep their best interests top of mind.


Types of Leases

We provide a number of innovative lease structures, all at competitive rates:

SEASONAL LEASES

This type of lease is ideal for businesses with seasonal cash flows. Leases are tailored so that payments might be lower during the summer months and higher during the rest of the year, or vice versa.

SEMI ANNUAL, ANNUAL AND MONTHLY LEASES

Various payment options allow you to match scheduled payments with your cash flow. Semi annual and annual payments are very popular in the agricultural industries.

STEP PROGRAM LEASES

Step leases allow lease payments to either increase (Step-Up) or decrease (Step-Down) over the term of the lease to better meet unique cash flow situations. It provides an ideal match for revenue growth and financing.

BALLOON PAYMENT LEASES

A lease purchase provides for a balloon payment, which is equivalent to the projected market cost of the equipment at the end of the contract.

STRETCH LEASES

A popular type of lease, a stretch lease provides for an early purchase option that can be exercised by the customer after a specific number of payments.

Your Business goes further

Keep your money in the bank. Your taxes deferred.
Your payments to a minimum.

The compelling advantages of leasing has led to high increases in demand for leased equipment in recent years. The value of assets leased to Canadian companies is excess of $32 billion, with a significant number of small and medium-sized enterprises looking to reap these benefits:

LEASING PAYMENTS MAY BE 100% TAX DEDUCTABLE

A lease is considered a direct expense to your business. Revenue Canada allows leased equipment to be used as an operating lease with potential tax advantages up to the full amount of each payment.

LEASING CONSERVES CAPITAL

Leasing can ease the strain on working capital by providing 100% financing. When your capital is not held up in depreciating assets, you will have more money available to invest in profit-generating activities.

LEASING DEFERS TAXES

Lease taxes are payable with each instalment, so you only pay the applicable tax on a small portion of the asset's value. Compare this to a purchase where the entire amount of sales taxes are due up front.

LEASING PROVIDES AN ALTERNATIVE CREDIT SOURCE

With a Polaris lease, you have secured financing outside of the existing lines of credit you have already established at the bank, leaving that source intact for other credit needs. For many small and medium-sized businesses this is essential to expanding business, as growth requires capital from every available source.

LEASING PROVIDES TOTAL FINANCING

Leasing offers 100% financing and allows for delivery and other costs not typically financed by a bank to be included in the cost of the lease. Unlike a bank loan, a Polaris lease typically requires no down payment. For a lease vs buy calculator please check out the Government of Canada website http://www.canadabusiness.ca/eic/site/sof-sdf.nsf/eng/h_so03331.html

LEASING PROTECTS AGAINST THE IMPACT OF INFLATION

You can acquire the equipment you need at today's fixed prices and rates, and pay for it with tomorrow's less-valuable dollars. When prices and rates pick up, you're protected. 

LEASING OVERCOMES BUDGET LIMITATIONS

Lease payments are typically lower than purchase instalments, making the most of your current budget. This allows you to acquire all the equipment needed to meet current needs, rather than being forced to make do with outdated or inferior equipment because of budget restriction.

LEASING OFFERS FLEXIBILITY

As your business grows or technology changes, additional or upgraded equipment will be required. With leasing, you can add or upgrade equipment at any point during the lease term.

PAY AS YOU EARN

Lease payments can be structured to fit your cash flow. Monthly, quarterly, semi-annual - which ever works best for your company. That way you pay as you earn.

Frequently Asked Questions

1. What is a lease?

An agreement by to pay "rent" during a scheduled period of time for the right to use the equipment. At the end of the lease, you may have the option to buy the equipment, renew the lease or return the equipment to Polaris Leasing.

2. Who can lease?

Anyone using the equipment for business/commercial use can reap the benefits of leasing. This includes companies, associations, Corporations, proprietorships, and those who are self-employed. Polaris does not lease equipment to individuals for personal use.

3. Why don't I just borrow the money and buy the equipment?

There are many benefitd to leasing. If you borrow money to buy and own equipment, you use credit that may have the ability to earn higher returns than the cost of the lease payments. Leasing is a new source of credit and you are likely able to "expense" the payments.

4. What has to happen before I receive the equipment?

It is a simple process. We review the credit information supplied on your application. A leasing consultant will contact you and provide contracts by courier or e-mail, which you sign and return. Delivery arrangements are made with the equipment supplier

5. Who owns the leased equipment?

As the lessor, Polaris Leasing owns the equipment. You may choose to purchase the equipment at the end of the lease.

6. Will I be approved for a lease?

To date, Polaris Leasing offers a very high approval ratio. Credit approval is determined by length of time in business, references from bank and trades and credit ratings.

7. Can equipment be purchased at the end of the lease?

Yes. You can choose to continue to lease, purchase the equipment or return the equipment to us.

8. Can I add equipment to the lease?

Yes. Provided you have an acceptable payment history and there is no adverse change to your credit profile, new equipment can easily be added.

9. Can I purchase the equipment during the lease?

Yes. You can purchase the equipment during the lease. Although generally not advised, just contact one of our lease consultants who will provide you with what your best options would be.

10. Is there sale tax?

Yes. Sales tax is added to each lease payment and charged separately.

11. Who services/maintains the equipment?

You, the lessee, are responsible for equipment maintenance. Your manufacturer's warranties apply to the leased equipment.

12. Must the equipment be insured?

Yes. Insurance is required on all leased equipment. If you wish, we can provide you with this insurance or simply provide proof of insurance from you local insurance broker


Leasing Myths

1. Leasing is for customers who can't afford to pay cash or get traditional financing.

Not true. Companies lease because they understand the fundamental principle behind "lease what depreciates, buy what appreciates!" For many businesses, operating capital is more valuable than cash tied up in equipment. In most cases, leasing actually costs less than traditional financing, and when the tax advantages of leasing are considered, payment are usually lower than traditional financing.

2. Leasing is complicated.

Today, leasing is common practice for business, and made simple at Polaris. With more than $103 billion of financing in place with Canadian businesses and consumers, the asset-based financing industry is the largest provider of debt financing in this country after the traditional lenders. Qualifying for and completing a lease transaction is, in most cases, easier than traditional bank financing.

3. Getting approval is difficult.

While good credit will increase the likelihood of approval, many factors are considered such as time in business and comparable business credit. Polaris Leasing has a very high rate of credit approval.

4. I can only lease 'new' equipment.

You can lease both new and used equipment. The lease is tailored to the customers' needs.

5. There are additional expenses at lease end.

If all requirements concerning the condition of the equipment are fulfilled, there is no further obligation at lease end. You may return your equipment, purchase the equipment, or lease other equipment