Blog: Equipment Leasing

Dec 11, 2017

If you are considering leasing equipment for your business—maybe you’ve even had discussions with an equipment leasing company or have a proposed contract on your desk—you want to look closely at the language of the lease. It’s a fairly common practice to include an “evergreen clause” in an equipment lease. Essentially, the evergreen clause automatically extends the lease unless you notify the lessor (the equipment leasing company) within a specified period of time before the...

Questions to Ask an Equipment Leasing Company

Apr 1, 2017

Whether you own a small startup or you work for a large company, there can be significant advantages in leasing equipment rather than purchasing it. With leased equipment, it’s often easier to upgrade and stay current with new technologies, as your lease only lasts for a specific period of time and you don’t have to worry about disposing of the property. But there are some specific questions you want to ask before you enter into...

Understanding a Fair Market Value Equipment Lease Buyout Option

Mar 8, 2017

So you’re looking to lease some equipment and, in your discussions with various leasing companies, the concept of “fair market value lease buyout” options comes up. What does this mean and what do you need to do to protect yourself and your business? The Fair Market Value Lease Equipment leasing companies often use the terms fair market value (FMV), operating and “true” lease interchangeably. What they are really talking about is what will happen when...