| Frequently
Asked Questions
Q: Why lease
equipment?
A: Your profits come from USING your equipment, not from owning
equipment.
- 100% financing for qualified applicants and equipment
is available for terms up to seven years.
- Your working capital cash can be used for financing inventory,
receivables and other business uses.
- Lease payments may be fully tax deductible for income
tax purposes.
- Because your equipment serves as the only collateral for
the lease, you don't tie up other assets.
- Flexible Trade in/Trade up assistance to prevent obsolescence.
Q: What are my options for owning the equipment at the end of
the lease?
A: Two Purchase Options are available. Our most popular
is 10% of the financed amount. This is the option of choice
since the entire monthly payment can be tax deductible.
We also offer a $1 purchase option which must be treated
like a bank loan.
Q: How do I apply?
A: You may apply via fax, phone, mail or our secure internet
application. You can print an application from our web page,
or we will be happy to fax one to you.
Q: How long does it take for my lease to be approved?
A: Most applications are approved within 48 hours.
Q: What if I need additional equipment?
A: CT Financing has the flexibility to offer leasing on additional
equipment as well as Trade in/Trade up assistance. As your profits
grow, CT Financing can help you grow your business in the most
cost efficient manner.
Q: Can I cancel the lease and have the
equipment returned at any time?
A: No. You are responsible for the entire term of the lease.
Q: Can the lease be transferred to another
party?
A: Yes. CT Financing will consider transferring your lease to
another party. The interested party must be approved by CT Financing
before any transfer will be agreed upon.
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