|
Frequently Asked Questions What is a Lease? A Commercial Lease (= finance lease) is an agreement between the customer and Lease IT Online made when a business asset/asset used predominantly for business purposes is acquired by Lease IT Online (lessor); and rented to a business customer (lessee). The Commercial Lease contract does not guarantee ownership of the goods by the lessee at the expiry of the lease contract (see What happens when the Lease Term Expires?). Proceeds from trade-ins and deposits must not be used as equity in a Commercial Lease. Select a question: What is a Lease? What's in it for me? Is Leasing Appropriate for me or my business? How do I apply? How Long does the approval process take? When do my repayments start? Will my lease repayments be tax deductible? Should I take out warranty or a service contract? Is Insurance of the Leased asset my responsibility? What if it is stolen or becomes damaged? What happens when the Lease term expires? What if I change bank accounts? Can I add equipment to my lease once it has commenced? |
Want to know more about leasing? Our Process Get an online quote! Partner Links Things to Lease |
![]() |