LEASE
TYPES :: Finance/Capital
Lease
Finance/Capital Lease
This type of
lease is a full –payout,
noncancellable agreement, in which the lessee is responsible
for maintenance, taxes and insurance.
Finance leases are most attractive when the lessee
wants the tax benefits of ownership or expects the
equipment’s residual value to be high.
These leases are structured as equipment finance agreements
with residuals up to 10 percent. The lessee purchases
the equipment upon lease termination at a pre-agreed
amount. The term of the finance lease tends to be longer,
nearly covering the useful life of the equipment.
Each type of leasing
has its advantages and disadvantages. We will help
you decide the best option for you and your business! Click
here and download the lease application today!
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