Let’s continue the lease series with insurance. I know, I know, it’s a boring topic, and nobody likes to talk about it, but it’s necessary and will be required in your lease agreement. There are several types of insurance your lease agreement may require, and the exact types will depend on the leased equipment, the terms, usage, and… Read More »
For our ongoing series on equipment lease terms, phrases, and details, let’s discuss the maintenance and repair of your leased equipment. For simplicity, we can call this the “wear and tear” clause. The general purpose of this clause is related to the residual value I mentioned last post. When a lease agreement is made, the Lessor (that’s us)… Read More »
In our ongoing series of getting into the details of equipment leasing agreements, I thought I’d start out with the basics: explaining and defining several notable equipment leasing terms. I’m going to stick to just a few essential terms that are important – you will find these all throughout any lease agreement, especially in the fine print. Lease… Read More »
Equipment leasing and equipment financing are often seen as similar, and in a big picture sense, they are (you get equipment, and you make payments on it). But the details of the two are quite different, with equipment leasing having many more moving parts and somewhat arcane terms. For the next few posts, I’d like to go over… Read More »
We’re more than halfway through 2023, which means it’s time for my periodic check-in regarding your company offering financing. Are you doing it? If the answer is yes, how much do you promote it? Because I have to tell you, over the years (and I know I sound like a broken record), I have seen it make a… Read More »