FAQs

Q?Do I need insurance?
A.

Yes, you are required to carry property damage insurance in an amount adequate to cover the equipment you are leasing.

Q?Can the lease be paid off early?
A.

Yes.

Q?Can I get equipment from multiple suppliers?
A.

Yes, you can acquire your equipment from whomever you choose, we will do the rest!

Q?Do you lease software?
A.

Yes, as well as other “soft costs” like installation, training, shipping, etc.

Q?What type of equipment can I lease?
A.

You can lease any type of equipment as long as it is used for your business.

Q?What is the minimum amount you will lease?
A.

Equipment costs must total at least $5,000 to qualify.

Q?Do you require money up front?
A.

In most instances, a lease requires first and last months payments in advance, however, in some cases; we can structure a contract with no payments in advance or even deferred payments.

Q?What is the typical term?
A.

12- 60 months is typical, however, longer terms can be secured for certain types of equipment.

Q?What are my options at the end of the lease?
A.

Virtually all of the contracts we write mandate that you retain ownership of the equipment at the end of the term via a $1.00 purchase option or fixed purchase option in another amount that has been set at the beginning of the lease.

Q?Do you offer seasonal payments?
A.

Yes, we offer seasonal payments to account for cash flow.  We also offer seasonal payments to account for municipal seasons such as schools paying for 9 months and skipping the summer months.

Q?What is the interest rate?
A.

Our rates are comparable to bank loans and depend on the term, amount and sometimes the equipment.  We constantly strive to offer the most competitive pricing in our market.

Q?Can I lease used equipment?
A.

Yes, we do not charge any more or less for used equipment.