Why Lease?

The reasons for leasing are as varied as the number of companies that use leasing as a key financial tool. In general however, leasing provides 100 % financing, fixed regular payments, avoids large capital outlays, and preserves working capital and bank lines of credit.

What Equipment Can I Lease?

You can lease almost anything although some assets are more advantageous to lease than others. National Leasing leases everything from photocopiers and computers to forklifts and combines. In addition, we are always looking for new equipment to lease.

Who Can Lease?

We have over 30,000 customers ranging from one person consulting firms to Fortune 500 companies to Governments and Associations. However, we do not lease to individuals for personal use (consumer leasing). Your ability to lease is subject to credit approval.

What Factors Determine Credit Approval?

The type of business, length of time in business, financial condition, references from financial institutions, and credit bureau ratings are factors that determine credit approval.

Who Owns the Leased Equipment?

National Leasing is the owner of the equipment until the end of the lease at which time the lessee may opt to purchase it outright.

How Much Does a Lease Cost?

A number of factors go into determining the payment schedule. Payment terms (monthly, quarterly, etc.), the cost of the equipment, the length of die lease, and the option selected at the end of the lease are all taken into consideration.

What Happens if I Decide to Lease?

First you must submit a credit application to National Leasing. Upon approval, we ask you to sign a lease agreement that itemizes your payments and other details of the lease. When the equipment is delivered, we pay your equipment dealer and bill you, on an ongoing basis, throughout the term of the lease. This whole process can be completed in less than 24 hours.

My Bank Requires a Down Payment When I Borrow Money. How Much is a Lease Down Payment?

Leasing does not require a down payment. A security deposit representing your first and last lease payments plus a partial payment if you begin to use the equipment before your first lease payment, is all that's required. These payments are substantially less than a traditional down payment.