- Why Should I Lease Instead Of Buying?
If you borrow money to buy and own equipment, you are using up available credit,
which, if used for other purposes, has the ability to earn a return much higher than
the cost of the lease payments.
Any company, association, non-profit organization, or individual that is using the
equipment for a business or commercial use.
You can use this program to purchase any new or used equipment that makes
sense for your business as long as it is not going to be resold and it is not disposable
and/or consumable. Typical types of equipment include: • Restaurant Equipment
• Computer Equipment & Software • Copiers • Office Furniture • Material Handling
Equipment • anufacturing and Construction Equipment • Printing Equipment •
Commercial Vehicles • Telecommunications Equipment • Medical Equipment
- What Are Your Lease Rates?
Rates are based on equipment type and the credit rating of the individual business
customer. The best way to find out what the rates are going to be for a desired
piece of equipment is to contact one of our account managers and submit a quote
for the equipment you wish to lease.
- What Are The Up-front Costs For A Lease?
Usually, just the first and last monthly lease payment. Unlike a down payment for a
purchase, these payments are smaller and are applied to your total lease payments.
In addition, a nominal documentation and filing fee is required for processing
the lease documents and filing UCC-1 financing statements required in your
state. We do not charge an application fee.
The lease is noncancelable. However, you may arrange for prepayment of the lease
or upgrade to a more sophisticated piece of equipment.
- Can I Work With Multiple Vendors And Still Have One Lease?
Yes. We can work with as many vendors as you need to get the equipment you
want.
- What Is The Turn Around Time To Receive Payment?
It usually takes three to five business days from the time we have the signed lease
documents in our office.
Sales tax is added to your monthly lease payment each month and charged separately.
- What Is The Typical Process For Commercial Equipment Leasing?
You fill out a simple, one-page credit application. In certain instances, other financial
information may be required such as tax returns or financial statements. The
supplied credit information is reviewed and upon approval, the lease documents are
prepared and sent to you for signing. A purchase order is then issued to your equipment
vendor. Upon delivery of the equipment and acceptance by you, the equipment
is paid for and the lease commences.
For your protection, it is required that the equipment be insured. You simply instruct
your own insurance agent to send a certificate of insurance to us at no additional
cost to you. In some cases we may be able to provide you with insurance at
reasonable premiums.