FAQ

What type of equipment can I lease?
You can lease any type of equipment as long as it is used for your business.

What is the minimum amount for a lease?
Equipment (or software) costs must total at least $5000 to qualify for an equipment lease.

Do you require an advance payment?
In most instances we require 1 or 2 advance payments, however we can structure your lease with no advance payments depending on your situation.

What is the typical length of a lease?
The length of an equipments lease is 24, 36, 48, or 60 months.

What are the end of lease term options?
The end of term options include $1 Buyout, 10% Purchase Option and Fair Market Value (FMV).

The $1 Buyout is for owners who believe the equipment will retain its value and plan on purchasing the equipment at the end of the lease for $1.

The 10% Purchase Option is for those who prefer the flexibility of returning the equipment at the end of the lease, but want to cap their equipment buyout at 10% of the equipment cost.

Fair Market Value (FMV) provides the owner with three options, a) return the equipment b) extend the term of the lease c) purchase the equipment for its then current Fair Market Value. FMV is beneficial to those who are concerned with equipment obsolescence, expect the value to decrease quickly and want to upgrade the equipment at the end of the lease. Typically, this lease option allows owners to write off 100% of the payments as an operating expense. (Consult your tax accountant.)

Do you offer seasonal lease payment plans?
Yes, we offer flexible equipment leasing plans based on your company's seasonal cash flow requirements.

What is the interest rate?
The interest rate, comparable to bank loans, depends on the terms, equipment cost, type of equipment and the business owner’s credit. We have consistently provided lower rates than our competitors.

Will the lease payments be fixed for the entire term of the lease?
Yes.

When will lease payments start?
Once we confirm you have everything and it is in working order, your lease will start.

Can I lease used equipment?
Yes, in most cases. Please speak with one of leasing consultants to discuss your specific request.

Do you lease software?
Yes, including installation, training, accessories, shipping, etc ("soft costs").

Can I lease equipment from multiple suppliers?
Yes, you have the flexibility of leasing your equipment from multiple vendors.

Can the lease be paid off early?
Yes.

Do you work with startups?
Yes, we have a special program designed for startups.

Do I need insurance?
Yes, you are required to carry insurance that covers fire, theft, loss and general liability.

Capital Leasing Solutions
221 South Federal Highway, Suite 202
Fort Lauderdale, FL 33301
Phone 954-522-3773 --- Toll Free 866-206-7717
Fax 954-206-0310 --- Toll Free Fax 800-789-7307

Greater Louisville, Kentucky office
2295 Grandview Drive
Floyds Knobs, IN 47119
P. (502) 214-7801