WHY LEASE?
Leasing can help your company’s financial picture by matching the terms of the lease with the useful life of the equipment, and also providing 100% financing which in turn enhances your company’s financial position. Leasing requires less in capital dollars than any other method of financing.

HOW DOES THE LEASING PROCESS WORK?
Customer completes a one-page application. We can obtain this application by phone, fax, email or on-line via our website. Our credit department then processes the application and a decision is rendered within a 24 hr time period. Once approved and the customer agrees to the term/monthly payment, our documentation department will expedite the paperwork for the customers’ signature. We can send the documentation to the customer by overnight delivery, regular mail, fax or email. Once we receive the original signed lease, we will fax or email you a request to send us an invoice. Unless you require a purchase order, in which we can provide to you, you may ship the equipment upon receipt of our invoice request form. You will receive payment within a 24-48 hr time frame after the customer gives us verbal acceptance upon receiving the equipment.

WHAT INTEREST RATE AM I PAYING?
Because a lease is considered a rental agreement, there is no true interest rate attached to a lease transaction. In the leasing industry a “factor” is used to calculate the monthly payment, which can vary based upon the equipment cost, term, buyout option, time in business or your financial condition.

ARE MY MONTHLY PAYMENTS TAX DEDUCTIBLE?
Unlike borrowed funds, lease payments are normally treated as a business expense that comes out of your pre-tax income instead of your after-tax profits. This means that your lease payments may be tax deductible as a business expense. Check with your tax consultant to get the exact benefits of your equipment lease.

WHAT ARE MY OPTIONS AT THE END OF THE LEASE?
It will all depend on the type of Purchase Option you choose. If you signed a $1.00 or Fixed Purchase Option (generally 10%), you are required to purchase said equipment for the specified amount. If you choose a Fair Market Value Option, then you have the option to purchase the equipment, turn the equipment back into the Lessor or renew your monthly payment for an agreed upon term. Note: It will be an appraised amount for the Fair Market Value Option.

MAY I CLOSE OUT THE LEASE EARLY?
Yes, normally there are no penalties associated with closing the lease early.