Finance Lease - Equipment Leasing

A finance lease or equipment lease is also known as an, equipment lease or asset lease.

How It Works

The finance company purchases the equipment on your behalf, you then lease the equipment back from the finance company through the agreed upon monthly rates for the length of the leasing term.

You have two options at the end of your lease:

  • You can pay a residual value (final instalment) on the lease and take ownership of the equipment
  • Trade it in or refinance the residual and continue the lease.

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