WHAT TYPE OF LEASING SERVICE DOES LEASESOURCE PROVIDE?
LeaseSource is an equipment lease broker, meaning that it can provide the financial backing for any kind of equipment transaction (buying or selling) in most industries at all levels of credit. The company can provide leasing services throughout the United States and select foreign nations.
HOW LONG HAS LEASESOURCE BEEN IN BUSINESS?
LeaseSource was founded in 1993 in Charlotte, North Carolina and has served its clients continuously for twenty years.
HOW MANY SUCCESSFUL LEASE DEALS HAS LEASESOURCE COMPLETED?
LeaseSource has done an average of 100 successful lease deals per year for its twenty years in business. With each deal averaging $93,000 in value, LeaseSource has dealt with approximately $186 million in leases, plus another $100 million in leasing for municipal services.
WHAT IS THE LENGTH OF A TYPICAL LEASE TERM?
2-5 years is standard. 1 year and 7-10 year leases are uncommon but can be done.
WHAT DIFFERENTIATES LEASESOURCE FROM THE LEASE SERVICES PROVIDED BY LARGE FINANCIAL INSTITUTIONS?
Most large financial institutions only do transactions in the millions of dollars. LeaseSource specializes in small ticket and middle market transactions ranging from $50,000 to $500,000 in value—deals not often considered by major banks.
THE BACK OF THE LEASESOURCE BUSINESS CARD SAYS “ONE PAYMENT DOWN”. HOWEVER, DOESN’T A LEASE REQUIRE THE FIRST AND LAST MONTH’S PAYMENT IN ADDITION TO AN APPLICATION FEE?
Currently, LeaseSource can do 1 payment in advance, although that number may be changed to 2 in the future. The numbers on the business card chart reflect average (B to B+) credit.
HOW DOES LEASESOURCE HANDLE INSURANCE AND LIABILITY ASSOCIATED WITH LEASED EQUIPMENT?
When leasing equipment from LeaseSource, customers utilize their own insurance carriers. At the time of documentation for a lease, insurance carriers will be contacted to request an insurance certificate.
GET A QUOTE
Application Only up to $250,000 for construction equipment
New or used equipment of any age
Delayed payment programs available - get equipment now!
Low monthly payments - as low as one-fifth rental costs