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What are the tax benefits?
Leases maybe interpreted as off balance sheet
accounting. Now for the big disclosure statement. We are not
tax professionals and therefore cannot advise you on tax laws.
We do recommend that you talk with a CPA prior to entering
into any financial agreement with anyone concerning tax advice.
Can I return the equipment and stop payments?
No, the lease is non-cancelable. You may return the equipment
after all the lease payments have been made or pay your lease
out early.
How long can I lease for?
Typically, terms are 12, 18, 24, or 36 months. We also have
48 and 60-month leases available.
Is there a maximum
or minimum lease amount?
We offer leases up to $25 million.
My equipment vendor requires a deposit. What are
my options?
You can pay the deposit and we will reimburse
you through the lease, or we can pay the deposit.
What if my equipment becomes outdated?
If your equipment becomes outdated, the remaining
balance may be credited towards future equipment acquisitions.
What is the interest rate?
In most cases, the interest rates are
competitive with rates offered on bank loans and fluctuate
depending on the term, dollar amount and credit history.
How soon do my payments start once the equipment
is delivered?
In most cases your monthly lease payments
will not start until approximately 30 days after we have made
a verbal verification of your acceptance of the equipment.
You can select your own monthly payment due date to match your
monthly cash flow situation.
Is the lease transferable?
No.
Do I have to purchase all my furniture or equipment
from the same vendor?
Any combination of equipment type or number
of vendors can be put on any one lease. In addition, a Master
Lease can be set up in anticipation of future equipment acquisitions.
What about licensing and warranties for this equipment?
The licensing and warranties offered by the equipment vendor
and the manufacturer are passed directly to you.
How long does it take for a lease to be approved?
Under normal circumstances, with supporting documentation
in place, the lease approval process will take 48 hours or
less.
Can I put money down on the lease?
Yes, you can put money down to reduce your equipment cost
and lower your lease payment.
What if I already own the equipment? Can I lease
it now?
Yes, as long as the equipment was purchased
from the original vendor and we can verify a clean title.
Can I include services such as consulting and
training in my lease?
Yes.
Can I lease used equipment?
Yes. The expected life of the equipment will
dictate lease term.
Can I finance the remaining balance if I have placed a down
payment on the equipment?
Yes. How do I get started?
Fill out our lease
application,
then e-mail it, fax it, or call us with the information. We
look forward to doing business with you.
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