Lease & Finance Solutions

A finance lease is a full-payout, noncancellable agreement, in which the lessee is responsible for maintenance, taxes and insurance.

Finance leases are most attractive in cases where the lessee wants the tax benefits of ownership or expects the equipment's residual value to be high. These leases are structured as equipment financing agreements with residuals up to 10 percent. The lessee purchases the equipment upon lease termination at a pre-agreed amount.

The term of a finance lease tends to be longer, nearly covering the useful life of the equipment.