All vendor warranties are passed on to the customer. A lease is not the same as a loan. Credit will be given for the amount paid for the current equipment. The new equipment will be incorporated into a new lease with a new term period. Being a current lessee can mean faster, easier credit approval without restrictions on the type of equipment you require.
Businesses strive to have the maximum amount of cash available for profit generating activities.
Leasing enables you to acquire equipment without using any of your own capital and therefore conserves capital. Any businesses under 2 years in existence will require the credit processing of its principals i.e. owners of the company. The guarantee of the principals is generally required. Financial statements may also be required. An informative approach to emerging video technology, CCTV equipment and applications.