Did you know that businesses in the US lease more than $120 billion worth of equipment each year?
- Leasing Conserves Capital
- Preserve Existing Credit Lines
- 100% Financing
- Tax Advantages
- Budget Advantages
- Sustains Competitive Edge
Frequently Asked QuestionsI'm New Business, Can I Lease Equipment?
Absolutely! We have lease programs for new businesses with as little as one payment in advance.
When Do Payments Start?
Typically regular lease payments start 30 days after the leased equipment is delivered and you have verbally accepted the equipment.
Do I Have To Insure The Equipment?
Yes, it must cover fire, theft, loss and general liability. Ask your existing insurance company to add this equipment to your policy or we can provide insurance for a monthly fee.
Isn't It Better To Own Equipment?
Use of the equipment, not ownership, produces profit. It is usually more economical to lease equipment and save your cash for other items that cannot be leased. With the lease you have the option of purchasing the equipment at the end of the lease term or returning it to us and upgrading into new technology.
Can I Cancel A Lease Agreement?
No, a lease is non-cancelable. You can however, pay off the lease early with no prepayment penalty.
Who Pays The Taxes?
The lessee is responsible for all taxes and will be part of the monthly payment. You may, however, be tax exempt if you are using the equipment to manufacture items for resale. Tax treatments vary from state to state.
When The Lease Is Over What Are My Options?
Depending on the structure you choose, you will: own the equipment for $1.00, return the equipment to us and upgrade into new technology, or buy it for its fair market value.
How Long Can I Lease Equipment For?
The lease term can run from 12, 24, 36, 48, or 60 months. You choose the lease term that best fits your budget.
How much can I expect to pay?
Lessees with excellent credit and a business older than 2 years can use our PAYMENT CALCULATOR to get an idea of how much you can expect to pay.