|
NORTHERN COMMERCIAL FINANCE |
||
LEASE OPTIONSNorthern Commercial Finance is a full service
leasing company that offers a variety of leasing options to enable your
company to acquire the equipment it needs with a solution that fits. Fair Market Value Purchase Option
This structure
provides you with the option to purchase the equipment at the end of the
lease for its then current Fair Market Value, continue leasing the equipment
based on its then current Fair Market Value, or return the equipment. This
can be a favorable option when there is a high risk of obsolescence because
you can return the equipment at the end of the lease or upgrade to the latest
available technology. This structure provides the lowest possible monthly
rental. $1 Purchase Option
This plan allows
you to buy the equipment at the end of the lease for the nominal amount of
$1. For companies that intend to keep the equipment at the end of the lease,
this is the best option. In essence, you are building "equity" in
the equipment, so you can also sell the equipment at the end of the lease or
trade it in for the latest technology. 10% Purchase Option
This lease provides
you an option to purchase the equipment for a fixed amount at the inception
of the lease. This can be a good option when you are leasing equipment that
you may want to purchase and use in your business long term. This option will
provide you with a lower monthly payment than the "$1 Purchase
Option". |
|
|
Download PDF Credit Application FAX your application to 1-763-315-7339 Call 1-800-374-0367 or 1-763-315-7326
|