A lease is an agreement by a customer (called the lessee) to pay a monthly rental payment for a specific amount of time for the right to use rental property owned by the lease company (called the lessor). The customer is responsible for insurance, maintenance, and all other costs of ownership.

We can provide leasing for most types of equipment, new and used.

The minimum is $ 2,000.

Yes. You have the option of purchasing the equipment. Every lease plan will have a different purchase option. Example: $1, a percentage of the equipment cost, a fixed dollar amount, or fair market value.

A monthly lease payment is determined by a Lease Rate Factor: a periodic rental payment to a lessor for the use of assets. The Lease Rate Factor multiplied by the equipment cost determines the monthly lease payment.

No. A lease is a non-cancelable contract.

Yes. Insurance is required on all leased equipment. Insurance protection can sometimes be included with your lease for a nominal fee.

You have the option of continuing to lease, purchasing the equipment, or returning the equipment to the leasing company.

The lessee (equipment user) receives the benefit of “buyer” warranties. The vendor or the original supplier of the equipment is solely responsible for any service or warranty issues. The cost of service contracts can often be added to the lease.

Yes. Installation and service fees can normally be included in the lease as well as the maintenance contract.

The major factors are length of time in business, references from bank and trades, Dun & Bradstreet, and credit bureau ratings. Depending on the size of the request, other financial information such as tax returns and financial statements may be required.

You fill out a simple, one-page credit application. In certain instances, other information may be required such as tax returns or financial statements. The supplied credit information is reviewed and upon approval, the lease documents are prepared and sent to you for signing. A purchase order is then issued to the equipment vendor. Upon delivery of the equipment and acceptance by you, the equipment is paid for and the lease commences.