Leasing and asset finance will help you acquire the equipment you need now
We all need new or upgrade equipment from time to time. Often the decision to acquire equipment is dictated by the outright purchase price creating a catch-22 i.e. we need the equipment to move our business or organisation forward, but we cannot obtain the equipment due to the outright purchase price.
Equipment leasing and asset finance provides a way to acquire equipment we need now, paying for the use of the equipment over time rather than outright purchase, generally with no down payment over a 24, 36, 48 or 60 month term (other terms available, criteria being met).
- Conserves cash
- Fixed monthly payments
- Reduce equipment obsolescence
- Upgrade equipment during or at contract completion
- Easily add more equipment when required
- Generally no down payment or deposit is required
- An equipment lease you understand
Leasing finance options you understand
It's important customers understand any equipment leasing and asset finance contract they enter into, we make a point of highlighting and discussing contract terms and conditions, ensuring customers are well informed and confident they understand their equipment lease finance arrangement.
"Simply put, equipment leasing is periodic payment, normally monthly, for the use of equipment over a set period of time."
"Equipment leasing finance conserves your cash because you are not paying for the equipment upfront in full, rather you are paying for the use of it over a certain period of time e.g. 24, 36, 48 or 60 months."
The Standard eLeasing Credit Check
When approving a lease finance arrangement, eLeasing will obtain approval from you to conduct a "Standard eLeasing Credit Check". A standard eLeasing credit check entails eLeasing contacting a Credit Reporting Service Provider (CRSP) applicable to your unique situation, in order to obtain company and personal credit information.
eLeasing standard credit check declaration:
The Credit Reporting Service Provider (CRSP) will give eLeasing information about you for the purpose of a credit check. eLeasing will give information about you to the CRSP, the CRSP may hold that information on their system and use it to provide their reporting service. When other CRSP customers use the aforementioned CRSP credit reporting service, the CRSP may give information about you to those customers. If in the future there is a default in any payment obligation, information about the default may be given to the CRSP, and the CRSP may give information about the default to other CRSP customers.