What are typical lease terms?
Lease terms range from 12-60 months. The most typical lease term is 36 to 60 months (3 to 5 years).
Can I lease to own?
Yes! about 95% of Chase Bank clients select a (lease to own) plan.
Are there tax advantages to leasing?
Yes! One of the reasons new business owners lease the machines are because the Internal Revenue Service (IRS) doesn’t consider an operating lease to be a purchase deductible overhead expense. Therefore, you can deduct the lease payments from your corporate income.
Does leasing require a significant down payment?
No! Leasing requires little to no down payment. The first and last month’s payments may be required, but leasing reaches almost to 100% financing.
How does leasing affect my business cash flow?
Leasing is very convenient for your cash flow because you will not pay for the equipment all at once. By selecting a lease option, you still conserve cash for other.
Can I lease while still leasing my existing machine?
Yes! Many leasing companies approve an application for new equipment in few days. This allows companies to generate more business opportunities.
Is leasing flexible?
Yes! Lessors offer flexible terms which allow you to customize your lease to fit your needs and requirements. Some leases allow you to miss one or more payment penalty.