FAQ Answer About: Equipment-Leasing
- What happens at the end of the lease period?
The simple answer to this question depends on the leasing arrangement agreed at the start of the lease.
If you agreed to a Finance Lease (Lease Purchase, Hire Purchase) then the equipment is transferred to your ownership for a nominal "change of title" fee. The alternative is that you can agree to continue using the equipment for an annual peppercorn rent that normally equates to a one month rental payment or the equipment can be sold and any cash raised shared.
Leasing via an "operating lease" means ownership will always remain with the lender.
Discuss your choices with the leasing lender at least one month before the term expires.
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Related Faq's
- When does the equipment supplier get paid?
- Can leasing finance be paid off early?
- How quickly can equipment finance be arranged?
- Can used equipment be leased?
- Can equipment be leased from more than one supplier?
- Are monthly leasing payments fixed?
- Can I change my mind after signing a leasing contract?
- Who is responsible for maintenance of the equipment?
- What if my equipment is damaged or stolen?
Case Studies
As "equipment leasing brokers" we have successfully arranged the funding of many asset deals for our business clients in the past. Here are just a few leasing case studies that you may find of interest [more details].
As "equipment leasing brokers" we have successfully arranged the funding of many asset deals for our business clients in the past. Here are just a few leasing case studies that you may find of interest [more details].