faqs

1. What capital amount can be financed by way of a lease?

Leasing is a viable alternative to other forms of finance - see Benefits of Leasing attached hereto. Any amount from $1,000 upward can be financed by a leasing agreement.

4. How much will the lease payment be each month?

This will very much depend upon the length of the lease, the capital amount, the type of equipment and the lessees financial status. Being a specialist company, we can "slot" a customer into the most appropriate category given their credit rating and bank standing.

7. How long does it take to get credit approval for the lessee?

Approval will be given the same day, or the next day.

2. What type of lessee is required?

There is no preference as to the legal status of the lessee. A Sole Trader, Partnership or Limited Company is equally acceptable.

5. Is there any minimum period for the lessee to have been in business to qualify for a lease?

No. Although 2 years in business is preferable, we are able to consider new business start-ups as well as the more marginal credit cases, and even discharged bankrupts.

8. Does the vendor need to be involved in setting up the lease agreements?

No. Either your customer can contact us direct, or you can provide us with the customer's details, together with a brief description of the equipment and cost, and we will deal with all the leasing arrangements.

3. What is the usual term of the lease?

As a general rule, many leases will run for a period of 1 to 5 years, but 3 years is preferable for most customers.

6. Does the lessee have to pay a deposit?

No. Generally, only the first and last months lease payments are payable on signing the lease.

9. Can used equipment be leased?

Yes. Both, new and used equipment, is equally acceptable.