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Alliance Financing Group has a "Finance Affiliation Agreement" with The Ag Dealer Ltd.
Questions & Answers About Leasing
Q: Why Lease?
A: Leasing has become one of the most widely used methods of financing for equipment and machinery acquisitions by businesses. In fact, according to the United States Equipment Lessors Association (ELA), 80% of all businesses use leasing to acquire some or all of the machinery and equipment they use to run their business. Here are just some of the reasons why:
Capital Preservation
Credit Preservation
Easier Budgeting
Financial Efficiency
Flexibility
Tax Deferral
Q: What types of assets can be leased?
A: Alliance Capital Leasing can provide financing for virtually all types of equipment, machinery and other capital assets. We can even arrange leases for computer software.
Q: Who can lease?
A: Alliance Capital Leasing works with virtually any type of business entity, including:
Established businesses of all types
New businesses and Start-ups
All Industrial and Manufacturing sectors
Institutions and Non-Profit Organizations
Universities and School Boards
All levels of Government
Hospitals, Medical and Dental practices and clinics
Professionals and Consultants
Q: What are the rates?
A: Alliance Capital Leasing continually strives to provide the most competitive lease rates available. Rates are dependent upon the customer's credit profile, length of time in business and industry, as well as on the type of equipment, size of transaction and term/structure of the lease.
Q: Can a lease be cancelled?
A: Generally speaking, no. The lease is a legally binding contract. It can not be cancelled by the Lessor or the customer. Most leases have provisions whereby the customer can trade-in the equipment, or can pre-pay the lease. Some of the leases arranged by Alliance Capital Leasing are structured so as to be open without penalty after a specific number of months have elapsed.
Q: Who is responsible for maintenance and insurance?
A: The customer is responsible for maintaining and insuring the equipment.
Q: Is a down payment required?
A: Generally, for customers who meet the minimum credit and length of time in business requirements, no down payment is needed. On execution of the lease, an amount equal to first and last month's lease payment is all that is required.
Q: Are personal guarantees required?
A: Provided that the business meets certain minimum credit requirements, no personal guarantees are required. In some instances another related business can act as a guarantor for a lease, rather than having owners or partners act as a guarantor.
8 Reasons to Lease |
Terms and Structures |
How to Get Started |
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