|
|
|
|
|
|
Q:
How do I submit an application?
A: You name it! For transactions up to $75,000 you can submit your application:
Q: When will I receive a credit decision?
A: Usually within minutes of receipt of your application, we'll have a credit
decision
for most transactions up to $75,000.
Q: What about transactions over $75,000?
A: Not a problem — call us at 800-858-0549 ext. 3600 and one of our
leasing
specialists will work with you to gather information so that we can make
a prompt
decision on your pending transaction.
Q: What happens to the equipment at the end of the lease term?
A: It's your choice. We offer a wide range of options which can be tailored
to your
needs. Not only can you purchase the equipment at fair market value or at
an
agreed upon percentage of the original cost, you also can purchase the equipment
for $1.00 or simply return it to us. Check out our
leasing
options page to find out more.
Q: Is there a tax benefit associated with leasing?
A: Absolutely — in many cases, lease payments are tax deductible (you
should consult
a tax advisor to see if your lease qualifies). These tax benefits, along
with the fact
that leasing helps your cash flow, while also allowing you the opportunity
to keep
equipment up-to-date, are the primary reasons why people today are increasingly
leasing technology for their companies.
Q: What is the "fair market value" of the equipment and
how is it calculated?
A: Fair Market Value, as it applies to the purchase option in a lease, is
the dollar amount
that the equipment can be sold for on the open market at the end of the
lease. Because
market conditions change over time, this dollar amount varies and must be
quoted at the
end of lease term.
Q: Are my manufacturers' warranties still valid on leased equipment?
A: Definitely, all vendor warranties are passed on to you, just as if you
had purchased the
equipment yourself.
Q: Am I responsible for obtaining insurance on the equipment?
A: Yes, insurance is required for all leased equipment. Although, not to
worry — we
provide comprehensive customer service and can establish your insurance
policy for you,
at the start of the lease.
Q: Can I cancel the lease?
A: Although the lease contract can not be canceled, a TIG Financial Services
Group
technology lease offers great flexibility. Our representatives will work
with you to further
customize or adapt the existing lease to meet your changing needs.
Q: Can I add equipment to my lease?
A: Yes, we can easily add equipment to your lease with our simple approval
process and
one page schedule. Also, this may be done without extension to the term
of your existing
lease.
>>
Top of Page
|
|
Copyright 2008 TIG. All Rights reserved.