| What You Need to Know
About Leasing
Leasing Companies offer a
variety of lease plans to meet each industry's and each customers unique
needs.
The four primary leases
our customers secure are:
-
Fair Market Value Lease
-
$1.00 Buy-out Lease
-
Purchase Option Lease
-
Lease Credit Line
The types of equipment that
can be leased:
-
Car Washes
-
Automotive Equipment
-
Canopies
-
Credit Card Readers
-
Point-of-Sale systems
-
Furniture & Fixtures
-
Signage and much more
Who Should Sign the Lease?
The lease should be signed
by an officer of a corporation, by a partner in the a partnership, or by
the owner of a sole proprietorship.
Security Deposit
This is usually equal to
one or two months payment
Insurance
You will be required to maintain
insurance on all your business equipment that is leased. The Leasing
Company will be named as the loss payee. Other insurance requirements
may be made from your specific bank or leasing company. |
