Payment Options

While fixed monthly payments are the norm, they are not your only option. Depending on your company's financial situation, there are several payment plans that may be more appealing.

If your company's cash flow ebbs or flows depending on the season, then you might want to consider a skip lease repayment structure.

Skip leases allow you to skip payments during slow months without being penalized. They are ideal for recreational and agricultural businesses that rely heavily on certain times of the year for revenue generation.

Step-up leases provide a solution for companies with limited cash and that are dependent upon the acquisition of specific equipment to increase revenue. This type of lease recognizes that the company will be able to handle increased lease payments over time.

An alternative to a step-up lease is a 60- or 90- day deferred lease. Just as its name implies, this lease allows you to defer your first payment for 2 or 3 months. Usually you will not have to present a down payment with this option.