• 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.

     

  • Who Can Lease?

    • Any company, association, non-profit organization, or individual that is using the equipment for a business or commercial use.

     

  • What Can I Lease?

    • 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.

     

  • Can I Cancel The Lease?

    • 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.

     

  • What About Sales Tax?

    • 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.

     

  • What About Insurance?

    • 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.