Loan
This product is a full payout financing option (no residual). The client owns the equipment from the outset. This allows for the benefits of ownership, including depreciation, without tying up existing credit lines and the client pays for the equipment out of future earnings.

Leases
$1 Option Lease
This product is a full payout financing option (no residual). The client owns the equipment from the outset. This is essentially the same as a loan. This type of lease allows for the benefits of ownership, including depreciation, without tying up existing credit lines and the client pays for the equipment out of future earnings.

Residual Leases
These products offer the client the lowest monthly payment throughout the term of the lease.

Purchase options available to the client at the end of the lease:

• Fair Market Value: Provides an option to purchase the equipment for its fair market value, return the equipment, or continue to rent the equipment.
• Fixed Purchase Option: Provides an option to purchase the equipment for a predetermined price, return the equipment, or continue to rent the equipment.
• No Purchase Option: Provides no option to purchase the equipment; the client must return the equipment or continue to rent the equipment. Typically, the dealer will guarantee the residual.
• Early Termination Option: Provides an option to terminate the lease and return the equipment on a specific date, provided the client is not in default.
• Early Buy-Out Option: Provides an option to terminate the lease and purchase the equipment on a specific date for a predetermined amount, provided the client is not in default.

The lease and loan terms available range from 12 to 72 months.
View the benefits of leasing.

Dealers who would like to submit a retail credit application or review the status of a submitted application, please login. For more information, please contact us or call 800-642-9387.