Tag Archives: equipment finance maintenance agreements

Equipment Leasing Terms and Phrases – Maintenance and Repair

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 »

Soft Cost Financing – Maintenance Agreements

One of the better ways to protect your investment on a piece of equipment is to purchase a maintenance agreement for it. This is especially true if your equipment is expensive, and/or it’s really needed for your company to operate. We’ve become somewhat conditioned as a society to resist certain add-ons. This usually comes into play at the… Read More »