Know more on Leasing...
A Finance Lease is a long-term leasing arrangement where businesses or individuals can lease equipment or assets with the option to purchase them at the end of the lease term. In a finance lease, the lessee (the party leasing the asset) has full control over the asset during the lease period, which includes the responsibility for its maintenance, insurance, and upkeep, much like an owner would.
Unlike a traditional rental agreement, a finance lease is designed to give the lessee the opportunity to eventually own the asset, often at a predetermined residual or nominal price at the end of the lease term. This is ideal for businesses or individuals who wish to use high-value equipment or assets without the need for upfront capital expenditure, while still having the option to take ownership once the lease is completed.
Throughout the lease period, the lessor (the owner of the asset) retains legal ownership, while the lessee gets exclusive use. The lessee makes regular, fixed payments, often over several years, with the total amount paid usually covering the cost of the asset plus interest. At the end of the lease, the lessee can choose to purchase the asset at the agreed-upon residual value, extend the lease, return the asset, or renegotiate the terms.
This type of arrangement offers businesses the flexibility to access the equipment they need without a large initial outlay, while still benefiting from the eventual option to own the asset, making it an attractive financing solution for companies looking to manage their cash flow effectively.
Why Choose Us
Other sources of getting equipment often move too slowly to be effective, taking many days to provide an answer after reviewing a lease request. We understand you and your business cannot afford to wait too long. You require simple and efficient solutions to your needs which is why we strive to approve your request with unparalleled speed.
We will work with you to find a plan that suits your needs and facilitate an equipment acquisition from the vendor of your choice. Our applications only require a limited amount of information and approvals are delivered quickly. You are our priority and our team is always available to help you.
Our experienced teams are experts in their field and depend on lasting relationships – they are invested in understanding your business.
We offer the flexibility and service that only a privately owned leasing company can deliver. M.I.S.S will look at almost all ranges of equipment acquisitions including used assets, private transactions, and sale-leaseback. We are experts at structuring transactions to match your businesses’ cash flow.