|
1. When do my payments start?
|
|
In most cases we collect the 1st and last payment at lease signing, your next payment will be approximately 30 days after the equipment has been delivered.
|
|
2. Is the lease transferrable?
|
|
Yes, as long as the new lessee's credit qualifies.
|
|
3. Can I lease equipment that I already own or refinance equipment that I currently have with another l
|
|
Yes, we can write you a check for equipment that you already own if purchased within 90 days and then just make payments. You can also lease equipment that you already have on lease with another company - in case you want a longer term.
|
|
4. Can I lease used equipment or equipment coming from somewhere other than a vendor?
|
|
Yes, we can lease used equipment. The equipment can come from an end user, an auction, or a vendor.
|
|
5. What is the rate?
|
|
Typically, the rates are comparable to bank loans and depend on term, equipment cost, equipment, credit of lessee. In most cases the entire payment can be treated as a rental expense, which is a tax write-off.
|
|
6. Can I defer or skip payments?
|
|
Yes, we offer deferred and skip payments as well as seasonal. For these programs, we will need to set it up at the beginning of the lease.
|
|
7. Who has right to warranties and licensing for the equipment?
|
|
The warranties and/or licensing offered by the manufacturer are passed on to you.
|
|
8. Does all the equipment have to come from the same vendor?
|
|
No, you may get equipment from multiple vendors.
|
|
9. What are your credit criteria?
|
|
The business must maintain a satisfactory payment history with its suppliers. We also review the personal credit of the owners of the business and look for relatively clean credit history.
|
|
10. How Long of a Term Can I Lease For?
|
|
Terms range from 12 months to 60 months. We can extend to 84 months on certain equipment.
|
