Lease Purchases
Lease purchase is very much similar to a loan or EFA but the lessor is listed as the owner on the title. This option like other lease products give added benefits to the lessor like the tax benefits of depreciation and equipment ownership until the terms of the lease agreement have been satisfied. This type of lease often has a $1.00 buyout except in states like California where the buyout is $101.00 to satisfy their requirements.
A lease purchase agreement may be more suitable if you are in the process of building your credit history. This option let’s you finance the equipment while you are generating revenue. At the end of the term, you have a small balloon payment and the equipment is yours.
Flexible Terms
Rest assured we will find a solution for you.
Apply online
in 10 minutes
Borrow from $ 10,000
up to $ 500,000
Rates from
7.5% per year
Requirements
In order to qualify for financing, we will need the following.
How to apply for equipment financing ?
Fleet Equipment Finance is eager to add new customers to our clientel list. In order to secure financing please follow the below 4 easy steps.
Credit App
Completely fill out our credit application.
Upload Documents
You may upload or email : Copy of drivers license, last three months of bank statements, las two years of taxes, copy of invoice.
Wait for Approval
We will explore all financing solutions for you and your entity. We will provide a financing solutions within 3-5 business days.
Sign Docs
If approved, you will receive docs via DocuSign, we will fund the seller, and you may pickup you equipment.
The affordable way
to fund your future
If you’ve been turned down by other lenders, do not give up on your dream to start your own trucking business. We have tailored programs to put you plan into action.
Benefits of working with Fleet Equipment Finance, LLC
When doing business with Fleet Equipment Finance, you are joining a winning team with partnerships with other vendors with solutions for your new venture.