
Frequently Asked Financing Questions
As a general guide, we recommend Lease Consultants for more established businesses or those who wish to finance over $20,000. We recommend Click Lease for newer businesses, finance amounts under $20,000, or for someone who wants to apply for financing the same day they wish to take the product home*. However, since neither company requires a hard credit pull with your application, we recommend applying with both to see all of your options!
*Same day application & pick up depends on when the application is submitted & if the items you'd like to purchase are all in stock & prepped.
While the approval depends on several factors like credit score, available information on your business, etc, approvals or denials can range from seconds to 2 business days.
The down payment can vary based on several factors such as credit score, finance amount, and approval terms. The down payment may be as low as one months payment, or up to 25% of the purchase price of the equipment.
Yes! Once all payments have been made and terms are met, the equipment is yours.
Term options are based on credit approvals and the size of the loan. Generally, terms will range from 12-60 months.
The initial application is simply an approval, but we always recommend applying for more than you think you'll need. We display most of our pricing on our website for machinery and custom builds which will give you a great starting point. If this is for a custom piece of equipment you'd like to order, we can also put together an estimate for you to give you an idea of the amount you'll need. If the purchase amount ends up being less than your approval, that is an easy change to make. It usually just takes a bit more time to try and secure additional financing if needed.
Yes. The general rule is just that the shipping amount cannot exceed 10% of the total invoiced amount.
- Basic Ownership Information
- Federal ID Numbers
- Social Security Number(s)
- Banking Information
- Personal Information
*In some circumstances, lease companies may require additional documentation to verify information.
