How does a lease compare to a rental:
A lease is usually for longer time, while a rental is usually short-term. As an example you might rent a car for the weekend to take your kids to Disneyland, but your three year arrangement with GMAC would be a lease. The daily cost of a rental is substantially higher than a long-term lease.

What option do I have to purchase the equipment at the end of the lease?
We design our lease programs for you to own the equipment at the end. Depending on the state you live in, most purchase options are relatively low, usually either a 1$ or 10% of the original invoice. Occasionally, if it suits your needs, we can structure a higher purchase option.

Why does the lease contract say "Non-cancelable lease"?
To be considered a lease with deductible payments, the IRS requires a non-cancelable term, no split between interest and principal and no bargain purchase option.

What happens with Sales & Use tax?
Most states require us to collect tax either on the monthly payments or on the purchase price up front.

Are all leases done with level monthly payments?
Most people leasing equipment want it setup with a level stream of payments, but we don't limit our lease structures to the "plain vanilla" leases.

Step-up leases: A lease structure where the payments are smaller at the beginning, then "step up" to a larger amount, usually designed to minimize the "total paid".

Step-down leases: Lease payments are setup to be high at the beginning, and reduce after a period of time.

Seasonal payments: A lease structure where the payments go up and down based on the seasonality of your business. For example, lower payments in Jan, Feb & March with higher payments in the remaining months.