Banclease Acceptance provides the most widely used financing programs at competitive rates. In addition, we custom craft financing solutions for our clients. Below are our traditional financing solutions.
Fair Market Value (True Lease)
For those worried about obsolescence, this plan offers the most options both during and at the end of the lease In addition, this plan is particularly beneficial to those wanting to have both a small security deposit and a relatively low monthly payment. At the end of the lease term, the lessee has the option to extend the term of the lease, return the equipment, or buy it at its fair market value. Banclease Acceptance also offers financing for those wishing to buy the equipment at lease end. A True Lease allows the most cost to be deferred to the end of the lease, when a decision to retain or upgrade the equipment can be made.
New Business Plan
We’ve developed a plan especially for new businesses that helps young companies acquire equipment they need. Businesses that are just opening may qualify. Municipal Program: This program is designed to aid departments, agencies and institutions supported by a state, city, commonwealth, county, parish or other forms of recognized government in acquiring capital equipment. Master Lease: A master lease agreement allows for easy add-on schedules of equipment for the duration of the lease term. Payments are adjusted to meet the addition.
Security Deposit Plan
This program offers the lowest monthly payment, and may therefore be especially attractive to those who can afford a security deposit of 10% of the equipment price. End-of-Lease options still apply; the deposit can be applied to the purchase price of the equipment; the lease can be extended, or the equipment can be returned, and the deposit refunded.
For those who are fairly certain they wish to purchase the equipment at the end of the lease term, this is the recommended plan. At the end of the lease term, the equipment is simply purchased for $1.00. This plan is not available in all states.
10% Purchase Option Plan
This plan offers the lessee a fixed purchase option at the end of the lease. At lease end, the customer can extend the term of the lease, return the equipment or buy it at 10% of the original equipment cost.
Skipped Payment Lease
This type of lease agreement requires the lessee to make payments only during certain months or periods each year, to meet seasonal needs or other cash flow constraints.
Step leases allow lease payments to either increase (Step-up) or decrease (Step- down) over the term of the lease to better meet unique cash flow needs.
Used Equipment Program
NTC will normally finance used equipment, which meets certain guidelines. An equipment condition report is normally required that describes the equipment condition and its age.
Deferred Payment Lease
Deferred Payment Lease is a lease that contains a 30, 60, or 90-day deferment of the first monthly payment.