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1. Q) Who can lease equipment? A) Any organization, whether a corporation, partnership, or sole proprietor.
2. Q) What can be leased? A) All New and Used equipment that is used for your business. The lease can also include software, freight and installation expenses.
3. Q) What is a Lease? A) A contract in which one party (called the lessor) conveys the use of an asset (equipment, machinery, computer hardware, software and associated services) to another party (called the lessee) for a specific period of time at a predetermined monthly rate.
4. Q) What Factors determine - Credit Worthiness? A) 1.) Length of time in business 2.) Financial condition 3.) Bank and Trade References 4.) D & B or other credit bureau ratings
5.) Q) How much paperwork is involved in leasing? A) Standard one page credit application (for approval). Upon approval we forward our standard, straight forward Lease documents.
6. Q) What about Sales Tax? A) Sales tax will be invoiced to the customer for the appropriate sales tax on the monthly payments. Quoted lease payments do not include sales tax. Many companies may be tax exempt from sales tax when leasing. |
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