» FREQUENTLY ASKED QUESTIONS
These are designed to provide a better understanding of what leasing is and the services we provide
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:
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.
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 get a quote for the equipment you wish to 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
The lease is noncancelable. However, you may arrange for prepayment of the lease or upgrade to a more sophisticated piece of equipment.
It usually takes three to five business days from the time we have the signed lease documents in our office.
Yes. We can work with as many vendors as you need to get the equipment you want.