For those who are fairly certain they wish to purchase the equipment at the end of the lease term, this is the recommended plan. Once the lease term expires, the equipment is simply purchased for $1.00.
Fair Market Value
This plan offers the most options both during and at the end of the lease term for those worried about obsolescence or wanting a relatively low monthly payment. At the end of the lease term, you have three options: extend the term of the lease, return the equipment, or buy it at its fair market value. Noreast also offers financing for those wishing to buy the equipment at the end of the lease term. 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.
10% Purchase Option
This plan offers the customer a fixed purchase option at the end of the lease term. Upon final payment, the customer can continue to lease the equipment, return the equipment, or buy it at 10% of the original equipment cost.
10% Security Deposit
Because this program offers the lowest monthly payment, it is especially attractive to those who can afford to pay a 10% security deposit of the lease amount at the beginning of the lease. End-of-lease options still apply. Use the deposit to extend the lease or return the equipment and request the refunded deposit.
Specialized Lease Plans:
Step Lease Plan
Newer businesses benefit through lower payments at the start of the lease. Payments gradually increase over the life of the lease.
Seasonal Lease Plan
Some businesses experience interrupted cash flow due to the seasonal nature of their business. This plan allows these businesses to make payments only during the months the business is operating.
Deferred Payment Plan
This plan allows a customer to begin payment of the lease 60-90 days after taking possession of the equipment.
Are you ready?
Contact us to speak with a Noreast Representative to discuss how leasing can benefit your businesses bottom line.