What types of equipment can I finance?
Just about anything that generates revenue for your business...even software. There are some industries we stay away from, so please call for more details. Transactions are available for equipment with a minimum selling price of $3,000 to selling prices in excess of $150,000. Larger transactions are available (call for details).
How long can we finance the equipment for?
Our normal terms are 12 - 60 months, but we can go shorter or longer (call for details).
What will it cost to finance this equipment:
Your monthly payment will vary depending on the length of the transaction and the customer's current credit situation. Precision Leasing's rates are very competitive and we assure you the best rates possible.
What about up-front money?
We will notify you, in writing, about any up-front moneys you will be required to pay. Usually 2 payments in advance and small processing fee is all we charge.
When are payments due?
Your first payment after your advance payments will be due approx 30 days after the equipment has been delivered and accepted by you. Then every month thereafter your payment will be due on that same day of the month until the transaction is paid in full. Your monthly payments are fixed for the entire term of this transaction, so this enables you to budget and manage equipment dollars for the months and years ahead.
Can I pay-off early?
Yes, and there is no prepayment penalties. If you decide to pay-off within the first twelve months, your pay-off will be the sum of your remaining payments. If you pay-off after the first twelve months, then we will offer a discount similar to a loan (assuming of course your contact was paid as agreed).
What will it cost me when the term is up?
Nothing...as long as you have paid the contract as agreed. We like repeat business. That's why we include and explain every detail of our contracts, and put it in writing before you sign anything. When you make all the payments required by your contract, you will own the equipment...no hidden fees or buyouts.
How long does it take to get approved?
With a complete credit package, we can make a credit decision within 24 hours...usually less.
