Frequently Asked Questions
What kind of equipment do you finance?
Our Automotive Division has a very robust retail and commercial focus on transportation leasing and financing. We have our dealer license and lease facilitator license so we can purchase any make or model at fleet pricing or better. Our Equipment division focuses on a complete range of equipment any business may need and specializes in A to B credit. We have an app only program for any equipment under $250,000 with some exceptions which are noted on our equipment page.
What is the maximum and minimum amount that I can lease?
We typically finance equipment from $20,000 to $5,000,000, sometimes higher.
How much will my monthly payment be?
At Banclease Acceptance Corp, our equipment leases are always less expensive than normal
credit card lines. Please contact us today to get a competitive quote.
credit card lines. Please contact us today to get a competitive quote.
Why lease vs. using business loans or credit card financing?
Equipment leasing offers important advantages, such as added credit availability, more working capital, improved cash flow and tax deductions.
Are you brokers?
No. While most equipment leasing companies are merely brokers, we are a direct lender for your business loans. Our customers and business partners deal with the decision makers, not middlemen. This means more flexibility. Total flexibility continues throughout the term of the lease.
We sell business equipment. Can you offer financing for our customers?
Yes. If your company sells new or used business equipment valued between $5,000 and $2,000,000, let Banclease Acceptance personalize an equipment financing vendor program for you. We already have many manufacturers already using us as their in-house lender. Call us for details.
Is there a pre-payment penalty?
All terms are tailored to the lessee, but in most equipment financing transactions, there are usually no prepayment penalties. There may be early termination fees and or disposition fees in auto leases.
Is equipment leasing tax deductible?
Yes. In many cases, equipment lease payments can be treated as a fully tax deductible expense.
