What Is a Capital Lease / Finance Lease?
A capital lease, also called a finance lease, is an agreement in which the lessee will purchase the equipment when the lease term is up. For example, Tetra purchases the equipment you have selected for your business. You will have use of the equipment during the length of the lease. Throughout the course of the lease, Tetra is being paid the cost of the equipment including any fees. Also called a dollar-out lease (capital lease), the lessee may purchase the equipment for one dollar at the end of the lease term.
What Are the Advantages?
Finance leases are advantageous to the lessee because of the convenience of monthly payments for the length of the lease, rather than paying in full upfront or taking out a loan, since this lease is designed with the understanding that the lessee will purchase the equipment at the end of the lease. A capital lease with Tetra helps to ensure that your business is getting the equipment needed to be successful, without the expense and time that can be involved with securing a loan.
At Tetra, we want to help you get just the lease you need, and we do everything we can to make that happen. The Tetra team has years of experience working with clients and developing flexible financing options, so you can run your business smoothly and efficiently.
Find out how a capital lease from Tetra can help you get the equipment you need. Call us at (800) 417-0548 or get a quote today!