FAQs

Answers to Other Questions You May Have  

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 (for-Profit or Not-for-Profit), association, municipalities, state and federal goverment. 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 pays the equipment supplier and 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 84 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?

All types of Construction & Material Handling Equipment

• Industrial and Manufacturing Equipment
• Information Technology (Including Hardware, Software, etc.)
• Medical/Dental
• Security
• Restaurant
• Communications & Audio/Video
• Automotive
• Laundry
• Office Technology
• Scientific/Environmental
• Titled Vehicles
• Other