Q. What are the possible advantages of a lease?
A. Leasing provides you with "One-Stop Shopping". You can select all of the equipment you need from any combination of equipment vendors. If you're looking for computers, then consider including the necessary desk or modular office furniture on the lease application. This mixing of equipment types is acceptable for all configurations, whether the equipment is related or not. Leasing conserves capital. Leasing offers 100% financing, and, unlike a bank loan, requires little or no down-payment. Taxes, delivery, installation/training, and other costs not typically financed by a bank can be included in the cost of the lease. Leasing preserves credit lines. Leasing provides an additional source of funds, which supplements existing credit lines. Your available capital is increased because other credit lines are left unencumbered for operations, expansion, and acquisitions. Lease payments may be fully tax-deductible. Consult your tax attorney or CPA. Many clients of ours have found that their lease payments can be written off.

Q. What is the average term of a lease?
A. Terms range from 12 months to 60 months. We can extend to 84 months on certain equipment.

Q. What are the credit qualifications for a lease?
A. The business must maintain a satisfactory payment history with its suppliers. We work with all levels of credit worthiness. The rates adjust according to your credit rating, in addition to many other factors. We review the personal credit of the business owner(s) and take into consideration the credit history, in combination with other factors in our approval process.

Q. Does all equipment have to come from the same vendor?
A. No. You may get equipment from multiple vendors.

Q. Who warranties and owns the licensing for the equipment?
A. The warranties and/or licensing offered by the manufacturer are passed on to you.

Q. Can I defer payments or skip a payment?
A. Yes. We offer deferred and skip payments for your convenience. To qualify for this, we must establish this during the beginning of your lease with us.

Q. What are our current interest rates?
A. Typically, the interest rates are competitively comparable to bank loans. Every rate is contingent upon the financing terms, equipment cost, chosen equipment, personal credit of lessee, etc.

Q. Can I lease pre-owned equipment or refinance equipment that is currently leased with another leasing company?
A. Yes. We can write you a check for equipment that you already own if it was purchased withing the past 120 days of your approved application. You may also lease equipment already on lease with another company to achieve a longer lease term.

Q. Is my lease transferable?
A. Yes, as long as the new lessee's credit qualifies and their application is approved.

Q. When do my leasing payments start?
A. In most cases, we collect the 1st and last payment at lease signing. Your next payment will be approximately 30 days after the equipment has been delivered.

Q. Can I ever return the equipment and stop the leasing payments?
A. No. The lease is non-cancelable. You may return the equipment after all payments have been made or may get a discount for paying off your equipment purchase early.

Q. How long does the entire leasing process take?
A. The application and credit approval process takes between 24 and 48 hours for applications up to $200,000.

Q. How do I apply for a lease through DRG Commercial Financing?
A. To begin the leasing process through DRG Commercial Financing, simply click on the link above titled APPLY ONLINE. Then click on the link "Apply for an Equipment Lease". As soon as we receive your application, we'll get to work immediately to get you the equipment you need with the terms that are right for you.