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LEASING ADVANTAGE

Financing equipment allows businesses to get the equipment they need now, without affecting bank or credit lines. No matter what type of business, you need the proper equipment to compete and be more efficient, close more sales and increase profit.  Lease Corporation of America works with thousands of resellers, distributors and manufacturers across the country to allow them to provide financing options to their customers to reach those goals.

Businesses rely on a multitude of equipment types to run day-to-day operations. From equipment that are staples with most businesses, such as security systems, copiers/printers, telephone systems and office furniture to niche equipment like POS systems, CNC equipment, medical devices and broadband radios, LCA excels.


Additional benefits of leasing with LCA

  • Conserve your working capital
  • Simple application/approval process
  • Finance installation and training costs in one lease
  • Potential tax savings under IRS Section 179
  • $1 purchase option allows you to own the equipment at lease end
  • Fixed monthly payments throughout term
  • Trade up to new equipment
  • Competitive lease rates
  • Quick turnaround times on Credit Applications-Under $150,000 approvals in 2-4 hours with application only, over $150,000 approvals in 24 to 48 hours with submission of tax returns or financials


With over 26 years of experience in these industries - and many others - let a dedicated Account Executive work with you directly to understand your needs and develop a customized leasing program that will fit within your budget.





LEASE PROCESS DEFINED


A lease is a contractual agreement between two parties whereby the Lessor allows the Lessee to use the equipment for a specific period of time in exchange for a series of payments.

There are three parties involved in a lease transaction:

  • Lessee (customer)
  • Lessor (owner of equipment who will finance the lease)
  • Equipment Dealer (supplies the equipment)


Roles of the Lessee/Lessor

Lessee:

  • Customer chooses equipment and negotiates the price with dealer
  • Customer agrees to all contractual obligations of the lease

Lessor:

  • Owner of the equipment (LCA) who purchases the equipment from the dealer
  • Remits payment to the dealer for the cost of the equipment
  • Bills and receives payment from Lessee


The Lease Process

Step One: Dealer proposes a lease solution to acquire necessary equipment and customer negotiates and agrees on price
Step Two:
Dealer has customer (lessee) complete a lease application and submits to LCA (lessor)
Step Three:
 LCA performs credit review on Lessee
Step Four
: If approved, customer will complete all necessary lease documents
Step Five:
 LCA receives all necessary lease documents and approves delivery of equipment
Step Six:
 Equipment is delivered through dealer and accepted by Lessee
Step Seven:
 LCA pays for the equipment and commences Lease


For additional information on a lease plan to fit your companies needs please call us toll free at 1-888-898-2746