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Lease & Finance Solutions
Step leases feature payment amounts that vary according to a pre-determined schedule. The payments increase or decrease - or both - during the term of the lease.
A step lease with increasing payments can be beneficial for a business that's acquiring an income-producing piece of equipment which will earn little or no revenue at first, but which will produce higher levels of revenue in the future.
Candidates for a step lease with decreasing payments might include a business that anticipates a seasonal or other temporary reduction in revenues, or that is planning a future increase in debt level and prefers to pay down most of the lease amount beforehand.
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