Lease

An agreement outlining the terms in which a lessee (user) agrees to pay the lessor (owner) for the use of an asset. The lessee agrees to pay the lessor a specific amount(s) in return for defined use of an asset over a specific period of time. The equipment remains in the name of the lessor as owner unless and until the lessee exercises their purchase option.

BENEFITS

• Provides maximum cash flow and equipment flexibility
• Terms from 36 to 72 months
• Only one to three payments in advance, depending on payment structure
• Pay for use of equipment out of your operating budget not from capital reserves
• Allows for continuous current technology for better productivity
• Operating, capital or full payout lease options with varying tax advantages
• Purchase and renewal options at lease expiration
• Flexible payment options: monthly, seasonal, pre-season waiver, unequal and custom payment plans