What are your options at the end of a lease?
At the end of a lease term you may:
- Purchase the equipment at its Fair Market Value or prefer the Purchasing Option established at the beginning of the lease.
- Continue to lease the equipment.
- Upgrade the equipment by arranging a trade-in with the equipment supplier and starting a new lease based on the difference in cost.
What is a lease?
It is a simple way for your company to acquire a new equipment more rapidly.
Can we finance used equipment?
Yes we can finance used equipment and the lease term will be determined by the equipment type and year.
Can the lease contract be cancelled?
No, a lease contract is a legal document and cannot be cancelled.
What are the other fees to be paid for a lease contract?
There is no documentation fee to be paid.
What happen at the end of lease term?
The purchase option is established at the signature of the lease contract, this option would be $10, 10% or Fair Market Value and this amount needs to be paid prior to the transfer of title of the equipment to your company.