We have lenders that specialize in different markets or specifically finance certain products. With our vast network of lenders, we have one of the highest approval rates in the industry.
Our base rates range from 5.5% – 20%, based on your FinanaceApp Score. Below is rate based on your FinanceApp score.
If your intentions are to pay off the lease prior to the term, please let us know and we can work with the lender to incorporate your desired buy-out option into the lease or loan.
A typical lease will come with a 1-2 year pre-payment penalty, however if you want to option to terminate the lease early with a buy-out, please let your leasing agent know so that we can factor that into the original lease.
At that time, you will own the equipment.
From an accounting and tax point of view, please read more about section 179 and how you can properly depreciate your lease.
Dollar Buy-out Lease
The dollar buyout lease is one of the most popular lease programs that we offer. It is also sometimes referred to as a Capital lease. With this type of lease, the customer is guaranteed the option to purchase the equipment for the amount of one dollar ($1) at the end of the lease term. Most customers that prefer to keep the equipment at the end of the lease term typically choose the dollar buy-out lease. The dollar buyout lease qualifies for the Section 179 tax deduction and has a fixed monthly payment with terms ranging from 24 – 60 months.…
Fair Market Value Lease
The Fair Market Lease, also referred to as a True Lease, offers several options where the lessee and return the equipment to the lessor, renew the lease or purchase the equipment at fair market value. The fair market lease is favorable to customers that purchase equipment that have a significant decrease in value. The fair market value lease also tends to have a lower monthly payment, which is again another reason why some customers tend to favor this program. From a tax savings, the fair market value lease payments are 100% tax deductions, since the equipment is seen as an…
Lease Back Program
The finance industry, banks and lenders are notorious for getting customers into programs do not always make sense as your business grows. Since your business is always evolving, your borrowing power and credit rating could change in your favor over time. Our lease back program looks at the most recent rates and programs to see if you are paying too much for your current lease. If so, we can might be able to get you into a new lease with a lower monthly payment or even a different term.
Start-up Business Program
Most start-up businesses have a difficult time finding capital to purchase equipment or fund their business. A typical bank is looking for multiple year tax returns to show that the company and its owners are in good financial position to lend money. Banks see this as a risky investment and tend to either deny start-up financing or charge a very high interest rate. We have developed a very unique Start-up Financing program that will not only help your small business get the capital it next to fund the purchase of new equipment, but it will also help you to build…
Equipment Line of Credit
Getting a line of credit from a bank can be a very painful process. Why go though the processes if you eventually intend on using that line of credit to purchase equipment. Our equipment line of credits will help you to free up your cash flow and offers immediate access to cash for future purchases.
As an example, a start-up customer might not have the cash-flow to pay $500 per month on a standard lease program. In this case, we might work with a lender that can offer an adjustable rate that will help them as they grow their business. In this case, the payment might start at $200 for the first year, $500 for the second year and $800 for the third year.
If you are interested in these types of lease, please ask your leasing specialist for more details.
Within an hour, your application will be scored using the FinanceApp Score. At that time, our site searched though our lending network to find the lender and finance program that will offer you the lowest monthly payment. Once that search has been completed, we will provide you with an approval and review the terms of the lease.
In the event that we are unable to provide you with a match, a leasing specialist will contact you to discuss alternative options to finance or how we might be able to re-submit your application for a second review.
Our network of lenders have been carefully screened and follow strict guidelines to insure that your information is kept confidential.
We have the highest approval rating and are able to fund your equipment faster.
Two of the more common lease terms are the one-dollar buy-out lease and the fair market value lease. With the one-dollar buy-out lease, the leasee will owe $1 to own the equipment. On the fair market value lease the leasee can own the equipment by paying fair market value or they can renew the lease.
– Most bank loans can take several weeks to fund and require a lot of documentation.
– A bank loan can negatively affect your credit exposure and make it difficult to be approved for future funding or working capital.
– There are significant tax advantages to leasing equipment vs. purchasing with a bank loan.
Our lending partners provide EquipmentLease.com with a small commission for connection them to approved borrowers.