Frequently asked questions
How much is the purchase option when you take a lease financing?
The leasing purchase option varies depending on the specific needs of each individual. The residual, which represents the amount remaining to be paid at the end of the lease, can be between $10 and half the selling price of the equipment. The overall calculation is adapted according to your needs and the desired payment. Do not hesitate to speak with a professional to obtain precise details about your particular situation.
What is the amount to be paid in the 1st payment?
The amount of the first payment under an equipment lease financing may vary depending on several factors, including the type of equipment, the length of the contract and the specific terms of the lease.
Example: first and last payment, 10% of the sale price of the equipment.
Can we insure our loan?
Of course ! This insurance provides peace of mind in the event of disability or death.
Life insurance: If you die before repaying the loan, life insurance will reimburse the balance of your loan. Disability Insurance: In the event of disability, this insurance covers the payments of your loan during the period.