Frequently Asked
Questions
Why Lease with Harbour Capital?
Affordable payments...potential decreased tax liabilities...preservation
of bank lines of credit...easy add-ons and improved cash
flow. Thanks to benefits like these, eight out of ten U.S.
businesses use lease financing to acquire the capital equipment
required for growth. For more details, refer to our section
titled Leasing Benefits.
What is a lease?
A lease is a contract where one party (Lessor) allows another
(Lessee) the exclusive right to use and possess its equipment
for a specific period of time. The contract obligates the
Lessee to make periodic payments, or rentals, to the Lessor
for the use of the equipment. A lease utilized as a source
of financing is usually a long-term agreement that is non-canceled.
The Lessee is responsible for all peripheral costs associated
with the use and maintenance of the equipment, including
such things as taxes and insurance, during the term of the
lease. At the end of the lease term, the Lessee may have
the option to purchase the equipment based upon a predetermined
purchase option.
Who can lease with
Harbour Capital?
Any sole proprietorship, partnership, corporation (including
a nonprofit or S Corporation) located in the United States.
What type of Equipment
does Harbour Capital finance?
Any new or used equipment acquired for the production of
income (i.e. equipment used for a business purpose).
When my lease ends, what
are my options?
At the end of your lease terms, you have the option to purchase
the equipment according to the provision chosen at the beginning
of the lease term.
Are my payments
fixed?
Lease payments or purchase options will not change with
current interest rates.
Can I lease software?
Yes. Harbour Capital can provide up to 100% of the cost
of your next software purchase.
Is a down payment
required?
Most standard programs require the first and last payments
in advance. Special Programs requiring no down payment are
available to qualified applicants.
More
Information
