Answers
to Other Questions You May Have (FAQs)
Why Lease?
Leasing offers fixed regular payments; provides financing for 100%
of the equipment cost; allows businesses to pay for equipment as it
is used to generate income; conserves both working capital and lines
of bank credit; and may offer certain tax Advantages. Who
Can Lease?
Any company, organization or association. Alliance cannot lease
equipment to an individual for personal use.
What
Is the Process for Leasing Equipment through Alliance?
Alliance reviews the credit information supplied on the lease application.
Upon approval, the lessee or Alliance prepares the lease agreement.
When the equipment is delivered, Alliance begins billing the lessee
for the agreed upon lease payments.
Is A
Down Payment Required?
A security deposit, usually equal to one or two months' lease payment,
is generally needed. This differs from a down payment in that the
amount is typically much smaller and it is a true deposit which
can be applied to the purchase price of the equipment at lease-end,
or returned if there are no other payments due.
How Are Lease Payments Determined?
The monthly payment is based on the term of the lease, cost of the
equipment, and the type of leasing plan the lessee chooses. The
initial term of a lease runs from 12 to 60 months.
What
Factors Are Used To Determine Credit Worthiness?
Type of business, length of time in business, financial condition,
references from financial institutions, and D. & B. (Dun &
Bradstreet) or other credit bureau ratings.
Can
the Lease Be Canceled?
No, but equipment can be traded-in for new, leased equipment before
the expiration of the initial term. Alliance also offers a special
rate for those requiring a "buy out" option during the
term of the lease.
What
types of equipment are eligible for leasing?
Please select from the following the Equipment Type that best describes
the area of equipment you would be interested in leasing:
Office
- Restaurant
- Security
- Industrial
- Medical/Dental
- Automotive
- Laundry
- Communications
& Audio/Video
- Scientific/Environmental
- Titled Vehicles
(For municipalities only)
- Miscellaneous
|
