Q: What is a Commercial Equipment Lease?
A: A Commercial Equipment Lease is an agreement between a Lessor (Lender) and for the Lessee’s (Customer) right to rent equipment for a set period of time. Commercial Leases come in a variety of forms including Operating Leases, Capital Leases and True Leases. See our commercial introduction or downloadable brochure for additional information on Operating Leases, Capital Leases and True Leases.
Q: What type of equipment can be Leased?
A: Most equipment can be leased including many types of used equipment. Installation costs can be included in the lease, proportionate to the equipment cost.
Q: Can I purchase the equipment at the end of the Lease?
A: Yes, a purchase option may be specified at lease inception. The purchase option may be a $1.00 buy out, a negotiated value such as a 10% buyout 10% of equipment cost or fair market value (equipment value based on a third parties appraisal).
Q: Do I have to provide a Personal Guaranty?
A: A Personal Guarantee may be required on a Commercial Lease as your business grows and matures.
Q: What are the advantages of Leasing?
A: Leasing is a great way to obtain equipment while maintaining cash flow since you do not have to pay the full purchase price of the equipment. A lease allows you to make monthly payments with the option to purchase the equipment at the end of a specified term. And, there may be many tax and balance sheet advantages for your business.
If your question is not answered here, please contact us by phone 888-SAULHILL or 303-629-8777 or email to firstname.lastname@example.org. We will be happy to answer your questions
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