A lease is a contract outlining the terms under which one party agrees to lease property owned by another party. It guarantees you the customer (the Lessee) the use of an asset and guarantees Flex-Cap (the Lessor) regular payments for a specified period in exchange. This is a great solution for you if you are looking to preserve your working capital while obtaining the equipment that your business needs.
The term covers the equipment’s useful life. With the final payment the Lessee can extend the lease, upgrade the equipment or buy it for a predetermined lump sum.
Similar to a rental agreement, with a term normally limited to 75% of the useful life of the equipment. With the final payment the Lessee either surrenders the equipment or buys it at its “fair market value”.
At the expiration date, your company has the option of re-leasing the equipment, selling it or buying it for a predetermined amount.