Leasing Options
Leasing Options
Every business has different needs when it comes to acquiring equipment. We offer a wide range of equipment leasing solutions to provide flexibility, and keep your business moving. Standard terms range anywhere from 12 months to 84 months.
Types of Equipment Leasing:
Traditional Loan – Equipment Financing Agreement “EFA”
This option is best for businesses that want straightforward ownership at the end of the term.
- The bank or lender providing upfront funds to purchase the asset
- Fixed monthly payments until the end of the loan
- Equipment immediately becomes owned by the business at the end of the term
- Ideal for businesses with long term equipment plans
Fair Market Value Lease
This is best for businesses that want lower monthly payments and flexibility at the end of term.
- Affordable monthly payments
- At the end of the term, you can renew, return or purchase at FMV
- Ideal for industries where the equipment may become obsolete
- Helps preserve working capital
Traditional $1 Buyout Lease
Like a loan, this is best for businesses that want to own the equipment at the end of the term.
- Leases have higher monthly payments than an FMV, but the ownership is guaranteed for $1 at the end of the lease
- Provides stability when you plan to keep the equipment for a long time
- Can be a good option for customers that are not tax exempt (please consult with your tax advisor as this is not considered tax advice)
So Which Option Is Right for You?
Contact us today and we will help you compare the options to help find the right solution for your business.