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Equipment Leases

  Operating Lease Finance Lease True Tax Lease TRAC Lease
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Equipment Leases

Lease Details

       
Financing Up to 100% Up to 100% Up to 100% Up to 100%
Purpose Aircraft; transportation; IS; food processing/packaging, office equipment and furniture, telecomm, medical, construction, textiles, woodworking, plastics, agriculture, mining, printing, technology, warehousing and distribution Commercial vehicle purchases
Off Balance Sheet Yes No Possibly No
Payments Tax Deductible? Yes

Can expense monthly payments
Interest only

Can write off depreciation of equipment
Yes

Can expense monthly payments
Yes

Can expense monthly payments
Term 24–84 months 24–84 months 24–84 months 24–84 months
Options at Term End Purchase equipment for fair market value or return equipment Dollar buyout Purchase equipment at a predetermined price or fair market value; extend lease or return equipment Purchase equipment at a predetermined price
Collateral and Loan-to-Value Ratio Generally 100% of equipment cost Generally 100% of equipment cost Generally 100% of equipment cost Generally 100% of equipment cost
Repayment Term Payments due monthly Payments due monthly Payments due monthly Payments due monthly
Rate Option Fixed Fixed or variable Fixed Fixed
Other Fees Document fees Document fees Document fees Document Fees
 

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This page was last modified on Thu Sep 03 14:30:50 MDT 2015