PRECISELY WHAT IS EQUIPMENT LEASING?
An equipment lease is a contract that transfers the right to use the equipment to the Lessee (Lease Customer) in return for monthly payments to the Lessor (Leasing Company). Ownership is retained by the Lessor, unless the Lessee exercises a purchase option. HOW DOES LEASING WORK? The end user selects the equipment that suits their business needs. We obtain all the necessary credit information, prepare a simple lease contract, and arrange for the signatures. S-Mark Equipment Leasing purchases the equipment from the supplier(s) that the end user wants to use. Upon verification of equipment delivery and acceptance, we issue a check to the vendor(s) for the full invoice amount. WHAT TYPES OF COMPANIES LEASE? Lessees vary widely from small, one-person operations to Fortune 100 corporations, and the kinds of equipment being leased are just as diverse. Transactions range from a few thousand dollars worth of equipment (such as fax machines) to multi-million dollar cogeneration facilities, tele
