Why lease

	Why lease - why not just borrow the money?
	If you borrow money to buy and own equipment, you are using up available credit, which, if used for other purposes, has the ability to earn a return much higher than the cost of the lease payments. Leasing offers a new source of credit with the added benefit of being able to "expense" the payments in most instances.


	Who can lease?
	Any company, association, non-profit organization, or individual that is using the equipment for a business or commercial use.


	What are the up-front costs for Financing?
	Usually, just the first monthly payment plus a small documentation charge. However, we are flexible enough to consider any special requests. Unlike a down payment for a purchase, these payments are smaller and are applied to your total payments. We do not charge an application fee.


	Can I cancel the lease?
	The lease is noncancelable. However, you may arrange for prepayment of the lease or upgrade to a more sophisticated piece of equipment.


	How much of a down payment will I need for an Equipment Finance Agreement?
	Normally, that is up to the Customer. It can be a trade in or cash, or a combination of both. You may wish to start the Financing with a small down payment then a larger scheduled payment later. We will structure the transaction that best suits your needs.


	What about sales tax?
	Sales tax is normally included on the selling dealers sales invoice. It may be charged separately and added to your monthly payment where applicable.


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


	What about insurance?
	For your protection and ours it is required that each transaction carry the proper amount of insurance. Coverage's may very according to the type of financing or the equipment involved. We will contact your insurance carrier for you, and request them to provide the appropriate coverage for your transaction. You simply instruct your own insurance agent to send a certificate of insurance to us at no additional cost to you.