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Answers to Commonly Asked Questions |
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Why Lease?
Affordable payments…potential decreased tax liabilities…preservation of bank lines
of credit…easy add-ons and upgrades…and improved cash flow. Thanks to benefits like
these, eight out of ten U.S. businesses use lease financing to acquire the capital
equipment required for growth. For more details, refer to the section titled
Benefits of Leasing.
What is a Lease?
A lease is a contract where one party ("Lessor") allows another ("Lessee") the exclusive
right to use and possess its equipment for a specific period of time. The contract
obligates the Lessee to make periodic payments, or rentals, to the Lessor for the
use of the equipment. A lease utilized as a source of financing is usually a long-term
agreement that is non-cancelable. The Lessee is responsible for all peripheral costs
associated with the use and maintenance of the equipment, including such things
as taxes and insurance, during the term of the lease. At the end of the lease term,
the Lessee may have the option to purchase the equipment based upon a predetermined
purchase option which can be as little as $1.00.
Who can lease with Susquehanna Commercial Finance?
Any sole proprietorship, partnership, corporation (including a non-profit
or S Corporation) located in the United States. Municipal institutions also qualify for
financing with SCF under our municipal programs.
What types of Equipment does SCF Finance?
Any new or used equipment or software acquired for business use.
When my lease ends, what are my options?
At the end of your lease term, you have the option to purchase the equipment
according to the provision chosen at the beginning of the lease term. For more details,
see the section titled Purchase Options.
Are my payments fixed?
Yes,
Lease payments or purchase options will not change with current interest rates.
Can I lease software?
Yes. SCF can provide up to 100% of the cost of your next software purchase.
The software must be for business purposes and mission critical.
Is a down payment required?
Most standard programs require the first and last payments in advance.
Special Programs requiring no down payment are available to qualified applicants.
Can the lease be cancelled?
No. But you can trade-in or upgrade the equipment for new leased equipment
before the initial term expires. |
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Disclaimer
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Copyright © 2009 Susquehanna Commercial Finance, Inc. | Call today
to speak with one of our leasing professionals at (800) 786-0004. |
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