Leasing Options & Solutions:
Equipment Finance
Agreement (EFA) : The EFA is a product
that has the benefits of a loan, but with increased
flexibility. It is comparable to a conditional
sale contract--ownership is retained by the
customer, and ACG Equipment Finance holds a
security interest in the collateral being financed.
FULL PAY-OUT LEASE: For those who are fairly
certain they wish to purchase the equipment
at the end of the lease term, this is the recommended
plan. At the end of the lease term, the equipment
is simply purchased for $1.00.
10% BUY-OUT LEASE:
This plan allows you to enjoy lower monthly
payments, than with the Full Pay-Out plan, by
deferring 10% of the original equipment cost
to the end of the lease.
FAIR MARKET VALUE
(TRUE LEASE): This plan offers the
most options during and at the end of the lease.
A True Lease allows the most cost to be deferred
to the end of the lease, when a decision to
retain or upgrade the equipment can be made.
At lease end, the equipment can be purchased,
returned, or the lease extended. If you choose
to purchase the equipment, any security deposit
will be applied to the price and ACG Equipment
Finance will offer to finance the remaining
balance.
Either of the above plans
generally require a first and last payment in
advance and a small documentation fee.
Frequently
Asked Questions:
Why Lease? Leasing is
the smart way to add all types of equipment
to meet your business needs.
* 100% financing of equipment.
* Leasing plans are available which offer fixed
payments geared to match your companies’
cash flow.
* You have access to the equipment you need without
making a large down payment or impacting your
available lines of bank credit.
* Leasing equipment may actually cost less in
after-tax dollars than an outright purchase.
Who can lease?
Any company, organization or association. ACG
Equipment Finance cannot lease equipment to an
individual for personal use.
Is a down payment
required? Only an advance lease payment
or a security deposit is needed. Generally equal
to the first and last month’s lease payment.
Can the equipment
be upgraded? Yes. One of the features
of a lease is that you don’t run the risk
of obsolescence. As technology advances and our
needs change, your leasing agreement can change
too.
Who should sign the
lease? The lease should be singed
by an authorized officer of a corporation, by
one of the partners of a partnership, or by the
owner of a sole proprietorship.
What about insurance?
For the protection of our lessees, the equipment
must be insured. Insurance can be provided by
the lessee’s insurance company or we can
provide insurance coverage for you.
Contact
Information:
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