Leasing Questions & Answers - Alliance Capital Corporation

We have complied answers to some of the most commonly asked questions about equipment financing and leasing. Simply click on any of the questions below to see the answer or scroll down.

If you cannot find the answer here please contact us or

1. What is leasing?

2. Why lease?

3. Can I buy from vendors I choose?

4. Can I finance used equipment?

5. Do I need to submit financial statements?

6. Can I finance equipment I already own?

7. What is the minimum and maximum dollar amount I can finance?

8. How long does the process take?

9. What is my buy out at the end of the lease term?

10. How do I get started?

1. What is leasing?

Leasing is a simple agreement between the leasing company (lessor) and the user (lessee) of the equipment. The agreement covers the use of equipment for a monthly payment (rental) which can be structured to meet a company's cash flow needs, as a tax write-off or to meet certain financial reporting requirements.

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2. Why lease?

There are many advantages to leasing. A few of the advantages are:

a. Frees working capital by providing 100% financing including tax, freight and installation;
b. May cost less than other financing alternatives (including traditional bank financing);
c. Lease payments are often 100% deductible from income before taxes; and
d. Leasing is more flexible than conventional financing with terms from 1 to 7 years or longer. Deferred, seasonal and skip payment programs are also available.

To learn about more reasons why your business should lease equipment and software go to our "Why Lease" page.

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3. Can I buy from vendors I choose?

Yes! You simply shop for the equipment you need to grow your company, negotiate price and we handle the rest (purchase orders, invoicing and payment), whether it is one vendor or multiple vendors.

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4. Can I finance used equipment?

Yes! As long as the equipment is in good working order, it can be financed.

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5. Do I need to submit financial statements?

No! Alliance can provide financing up to $150,000 in equipment cost with a simple one-page credit application - NO FINANCIAL STATEMENTS REQUIRED!

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6. Can I finance equipment I already own?

Yes! As long as the equipment is in good working order, it can be financed.

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7. What is the minimum and maximum dollar amount I can finance?

Our normal finance programs begin at $5,000 and go up to $5 million. Exceptions can be made for transactions under $5,000.

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8. How long does the process take?

For transactions $75,000 and under, approximately 4 hours. For transactions between $75,000 and $150,000 approximately 24 hours. And for transactions above $150,000, 3-5 business days.

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9. What are my options at the end of the Finance / Lease term?

There are several options to choose from. One option is to purchase the equipment for one dollar, similar to a typical bank loan. Another option is to purchase the equipment for a predetermined percentage of original cost, usually 10%. Or you may choose a Fair Market Value lease which offers the option of returning the equipment, buying the equipment for the prevailing Fair Market Value, or continuing to lease the equipment for another 12 months.

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10. How do I get started?

Simply contact us or .

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