Leasing is Simple, Flexible and
Precisely what is equipment leasing?
An equipment lease is a contract that transfers the right to use the
equipment to the Lessee (Lease Customer) in return for monthly payments to the
Lessor (Leasing Company). Ownership is retained by the Lessor, unless the Lessee
exercises a purchase option.
What is the procedure and how long does it take?
The entire procedure is very simple and quick. Determine your need. Select
your supplier. Select your equipment. Negotiate your price and warranties.
Contact RENTCO for a quotation. Upon your acceptance and ours we will prepare the
lease documents. After execution of the lease and your satisfaction with the
delivery of the equipment, the supplier is paid in full.
How is a lease structured?
A lease is flexible and can be tailored to your needs. Lease terms range from
one to seven years. Payment schedules can be graduated or timed to suit even the
most unusual request. The most common, however is equal monthly payments. At the
termination you may renew the lease for a very nominal charge; trade the
equipment, receive full credit for its current value against a new lease; or
purchase the equipment for a small percentage of the original cost.
What can be leased?
Any equipment essential to your business...virtually anything new or used.
Thoughtful, knowledgeable, experienced staff to help you with your lease
transaction. If you're not sure whether or not you can lease it, give us a call.
Even equipment you already own can be sold to a leasing company and leased
back to free up working capital.
If you are interested in learning more about this attractive and affordable
method of new or used equipment acquisition call us.
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