Finance Lease (Capital Lease)
What is a Finance (Capital) Lease?
A Finance Lease, also called a Capital Lease, is a service we offer in which financing is structured with $1.00 buyout and allows the end-user the benefits of ownership including interest and depreciation expense.
This lease is referred to a non-tax lease, whereby the lessee can acquire use of an asset for most of its useful life. From a financial reporting perspective, the underlying equipment is shown as an asset and the accompanying lease depicted as a liability on the lessee’s balance sheet. The lessee then expenses the depreciation and interest associated with the lease on its income statement.
- Up to 100% financing
- Lessor does not select manufacturer or supply equipment
- Various purchase options - commonly $1.00 or 10% of equipment cost
The CapFirst Experience
When you work with CapFirst, you'll find equipment finance experts who are easily accessible and get to know your business, and an independently owned company with a different approach. Whether you are looking to expand your company, purchase new equipment or make capital improvements, CapFirst offers a full array of financing products to help you grow.
CapFirst's loan policies and decisions are made locally, and you know you'll have financing to suit the unique needs of your business. We want to work with you to create a customized solution for your future. We offer competitive rates, terms and payment structures and our solutions include:
Contact one of our team members to talk about your current and future plans.