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Lease
Buyout Definitions
$1 Buyout: Buy the equipment for $1 at the end of the lease.
10% Option: Buy the equipment for 10% of the equipment cost
at the end of lease. A "Fair Market Value" (FMV) buyout can also
be structured whereby the lessee has the option to return the equipment
or buy it for the Fair Market Value at the end of the lease.
"Application
Only" requires a completed lease application only. No
financial statements / Tax returns are needed. This option is available
for purchases in the $3,000 - $100,000 range. Please call us for
a custom quote if you need more expensive equipment.
"Full
Financial Disclosure" requires a completed lease application
and last two years of financial statements / tax returns and an
interim statement for the current year. Personal tax returns on
the owner(s) / majority stockholder(s) may be requested on a case
per case basis. This option is only available for purchases over
$20,000.
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| What
if ……. |
Business
is less than 2 years old?
We offer several programs for "Start-Up"
businesses. If your business is new or has been
under current ownership for less than 2 years please
contact us for a custom
quote. |
I
need more than $100,000?
We offer lease programs for equipment costing over
$100,000. These programs require full disclosure
(complete financial package required) and are priced
very competitively based on the US Treasuries. Please
contact us for a custom
quote. |
Company's
financial profile is especially strong?
Companies with strong financials and credit always
qualify for preferred rates. We have "Application
Only" and Full Disclosure Programs for such
businesses. Please contact
us for a custom quote. |
Company's
or personal credit is not so strong?
We have programs that fit all credit profiles. Reestablish
your credit and give your company a second chance.
We'll be happy to talk to you and provide you with
a custom quote. |
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