A lease is a contract in which the owner of an asset (the lessor) grants use of the asset to another party (the lessee) for a specified period of time at a predetermined monthly rate. Almost any type of equipment can be leased. You select the equipment needed by working with vendors or manufacturers, to establish your cost for the equipment. Contact 1 Equipment Leasing and together we will determine the best options to acquire the equipment. You may lease one piece of equipment or many times with a single lease.

By signing a lease, you assign its purchase rights to the lessor, who then buys the equipment as specified by you. When the equipment is delivered, you will make sure it meets all the specifications and sign a formal acceptance. The lessor pays for the equipment, and the lease is placed in effect. You'll find leasing relatively simple: it is a rental agreement structured to meet your company's special needs. You and the lessor can determine the most effective type of lease for your company by considering: what you intend to do with the equipment at the end of the lease; you tax situation; your cash flow; and your company's specific needs as they relate to future growth.

Your needs will determine what happens at the end of the lease. Multiple options are available and include: returning the equipment to the lessor; purchasing the equipment at a fair market or buy out value; and renewing the lease.