Equipment Financing Made Simple
Finance Equipment for your business through Providence Capital and receive our top rated service and a financing plan tailored to your needs. We are experts in providing equipment financing solutions to businesses across the U.S. We use our decades of industry experience to offer a smooth finance process every step of the way.
Contact Robert Caughill – (714) 985 – 6223
Equipment Lease Payment Calculator
The Payment Calculator provided on this page is to be used as a tool for budgetary purposes. Monthly payments may vary and are subject to credit approval.
Purchase Options Explained
Also known as a true lease or operating lease. Under this type of arrangement a lessee has the option to buy the equipment at the end of the base term for the “fair market value”, which generally equiates to a minimum of 10% of the purchase amount. This type of lease allows the customer to deduct the full monthly lease payment as a rental expense, thereby reducing their tax liability. FMV Leases are associated with off-balance sheet financing.
10% purchase option
The lessee will have the option to purchase the equipment for 10 percent of the original purchase price. Monthly payments will be higher if a customer chooses a 10% purchase option vs a fair market value option and will have a lower payment vs a $1.00 purchase option.
3.5% purchase option
The Lessee will have the option to purchase the equipment for 3.5% of the original amount. Generally the customer will pay a higher lease payment than a 10% purchase option, but will have a lower lease payment than a $1.00 purchase option
$1.00 purchse option
A $1.00 purchase option is a capital lease. The advantage of a $1.00 purchase option is the transfer of ownership once the lesse makes their last lease payment.
Get a Financing Quote in minutes!
We Offer You
- One-page application up to $250K
- Fast credit decisions
- Flexible payment plans
- Superior customer service throughout the life of your contract
- Our sales people know your industry and will work with you to create a financing structure that matches your specific needs.
- Our customer support team will walk with you through the entire process, making sure you have all the information you need and are completely satisfied with us.
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