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How is a lease different from a loan?
A lease is an agreement to make payments for a specific amount of time for the right to use the equipment owned by the lease company. As the leasing company owns the equipment every $ spent can be offset against Tax liability i.e. 100% of the cost.

What is required to qualify for a lease?
A simple application. Download LTC lease application.

How long for an approval?  
Approvals are usually accomplished within 2-24 working hours, depending on the size of the transaction and all submitted information is correct and complete.

How much of investment is required in advance?

No Deposit is required.  In some cases the first and last lease payment are required but in many cases one payment will suffice.

What is the minimum system value that can be leased? 
         
The minimum is $5,000.

Can service fees be added? 
          
Yes. Installation and service fees can be included to the lease, as well as support and maintenance contract costs.

What about adding software?  
    
Yes. Software and other soft costs can be added to the lease. Software only leases are available.

What about adding equipment at a later date?   
   
Yes. Simple add-on programs are available throughout the term off the lease.


 

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