Equipment Finance Lease
An Equipment Finance Lease enables the customer to have the use of their equipment and the benefits of ownership, while the financier retains actual ownership of the equipment.
How does an Equipment Finance Lease work?
The financier purchases the equipment on behalf of the customer, who then pays the financier a fixed monthly lease rental for the term of the lease.
At the end of the lease the customer can either pay a residual on the lease and take ownership of the equipment, sell the equipment or re-finance the residual and continue the lease.
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