Q. What is a Lease?
A. A lease is a contractual agreement between the lessee (the customer) and the lessor (Professional Leasing Inc). We purchase the equipment from your vendor and lease it to the lessee for a fixed monthly payment.
Q. How does the equipment lease process work?
A. Select the equipment that you would like to obtain and finalize the price with your vendor. Professional Leasing will help you determine the best equipment lease option and term. Complete the application and, upon approval, Professional Leasing will generate the contracts and issue funds for the equipment or vehicle.
Q. What type of equipment can be leased?
A. Most types of equipment can be leased as long as it is for commercial purposes.
Q. Who can apply for a lease?
A. Any business, company, association or non-profit can lease through Professional leasing providing it is used for commercial purposes.
Q. What types of leases do you offer?
A. Professional Leasing offers a $1 buyout lease, a 10% purchase option lease, as well as a Fair Market Value Option Lease.
Q. What options do you offer at the end of your lease?
A. Professional Leasing offers a $1 buyout, 10% purchase option as well as a Fair Market Value Option.
Q. Can I obtain my equipment from a private party rather than a vendor?
A. Yes, as long as the equipment is used for commercial purposes.
Q. What type of information do you need to begin the lease approval process?
A. You will need to complete our lease application. If any supplemental information is required, we will contact you.
Q. Will you lease new or used equipment?
A. Yes, Professional Leasing will lease new as well as used equipment.
Q. What types of rates and terms do you offer?
A. Our lease rates are fixed for the entire term, they do not change. Our lease terms may be set from 12-60 months. Contact us to discuss your needs with our associates. They will work with you to formulate a plan that works best for your business.
Q. Is insurance needed for the Equipment?
A. Yes, you must provide insurance coverage on your equipment in order to lease with us.