eRestaurant Furniture/eRestaurant Equipment offers leasing options available through a third party leasing agents. Please contact our sales team for more information at sales@e-restaurantfurniture.com.
Your decision to lease equipment should not be taken lightly. The following links are intended as an informational service and is provided for convenience only, and is not an endorsement or assurance of the entity or any product or service. As a consumer it is your responsibility to educate yourself so we recommend that you read the leasing agents terms & conditions cafefully.
| LOGIC OF LEASING Can I? | LEASE FINANCING |
CASH PURCHASE |
BANK LOAN |
|---|---|---|---|
| Acquire equipment without substantantial cash outlay? | YES |
NO |
No. Most banks require a large down payment. |
| Upgrade or add equipment without difficulty? | YES |
NO |
No. Most banks require re-application for another loan. |
| Match payments to my current cash flow? | YES |
NO |
NO |
| Avoid affecting my bank lines of credit? | YES |
N/A |
No. In fact, you will be affecting it a great deal. |
| Get approval for financing in one day? | YES |
N/A |
NO. It could take days or even weeks. |
| Deduct all or most of the monthly payments from my taxable income? | YES |
N/A |
NO |
Frequently Asked Questions on Leasing
Q: What is the interest rate?
A: Since you are leasing and not taking out a bank loan to finance your purchase, there is no “interest rate” as we usually think of one. It’s more like leasing office space. You’re paying to rent the equipment, with the monthly payment amount based on the type of leasing plan you choose, the terms of the lease and the cost of the equipment.
Q: What should I do if I have problems with the equipment that I leased?
A: The vendor providing the equipment is solely responsible for any service or warranty issues which are honored by the equipment manufacturers. The role of the leasing agent is to assist you in financing the equipment, the same way a bank would finance a car.
Q: When is my first payment due?
A: After the equipment has been delivered and the lease agent receives all of the required documents, your equipment supplier is paid. Usually your first payment will begin 30-days after the delivery date.
Q: Why am I required to insure my leased equipment?
A: Since the leased equipment is owned by the leasing agent, they must ensure that if the equipment is destroyed or stolen, the lease will be paid off from the proceeds of the insurance policy. Most commercial policies cover leased equipment.
Q: What are the tax benefits associated with leasing?
A: As the lessee, you may be able to deduct the monthly lease payment as a business expense on your tax returns. You should seek specific advice from your accountant and your lease agent.
Getting Started
You found the equipment you need, now choose the plan that meets your business's needs and submit your credit application. Click on the links below to get started:
Innovative Lease Services, Inc®
United Leasing Associates
Marlin Leasing