Lease to Own

Lease-to-Own Program

Get financing on equipment for your foodservice business without broker fees. Get the payments you're looking for with our flexible financing options directly through our partnerships with funding sources. Access up to $150,000 with a one-page application, or up to $1million with financials.



Benefits of leasing-to-own your equipment:

 
  • 100% fixed monthly payments
  • Conserve working capital
  • Preserve existing bank & credit card lines
  • Protect your investment against depreciation

Consult with your tax advisor on the tax benefits of equipment ownership through a lease.

Term Lengths 3 Months - 60 Months
Rates As low as 3%
Funding Speed As fast as 5 minutes

Every business has its own unique needs, and through
Restaurant Appliance Depot you can get comprehensive lending
options to meet yours!

Our Process
  • Apply
  • Pick out your units & leasing options
  • Review & sign documents electronically
  • Receive equipment
  • Complete final verification

Our lease-to-own program offers a simple and easy solution through our online platform. Our leases are financial services solution that gives you ownership of the equipment following the receipt of all scheduled payments. You can submit a quick one page application and receive a pre-approval within minutes. With our lease-to-own program we offer free consultation. Just apply today or call us and one of our Account Executives will reach out to you and assist you with product selection, leasing-to-own options, and send you a tailored quote w/ spec sheets. With a lease, our programs typically only require one advance payment and a documentation fee prior to the start of the lease. We have a big focus on offering financing to businesses that have yet to establish a strong credit history or have a compromised credit history. We are able to do so through partnerships with funding sources that offer innovative, multilevel financing products.

Requirements

  • Your order totals at least $500.00
  • Your order is to be shipped within the United States
  • Equipment items make up at least 70% of the dollar value of your order
  • A registered business
  • One Page Application (Legal name, tax id, etc.)
  • Personal Guarantor (For businesses with low or no credit history or under 2 years in operation)

Programs
available

Buy now & pay later:

We offer seasonal deferred options for 30, 60, or 90 days.
Call for more details!

Lease-To-Own

Lease-to-Own is a financial services solution that gives you ownership of the equipment following the receipt of all scheduled payments. The lease payment for a Lease-to-Own contract is calculated over a specific period of time that is three months less than the lease term, (Example: 33 months vs. 36 months) and the last three payments that are made hands over ownership of the equipment. The Lessee owns the equipment outright once all contracted payments have been made. This style of leasing provides you a much higher tax deduction.

$1 Buyout Equipment Lease

Our $1 Buyout Equipment resembles our Lease-to-Own lease in that ownership is transferred after the last payment has been made. However, the full term of the lease is utilized to calculate payments, and there is only one single dollar payment required to be made at the end of the contracted lease period. $1 Buyouts are only available within certain approvals, and states.

Fair Market Value Equipment Lease (FMV)

“Fair Market Value (FMV) at the end of that period of time, and after all scheduled payments have been made, the Lessee (user of the equipment) can take advantage of one of three options: return the equipment, purchase the equipment for a specific amount (typically 10% of the total receivable) or continue to rent the equipment on a monthly basis.” This option is usually utilized for software’s and technology, for example POS systems. You will have lower payments with this style of lease, but owe a little in the end.

Same as Cash Programs (Interest Free)

This program allows you to purchase your equipment through 3, 6, or 12 month options with just a flat fee. The flat fees are: 3 months 3%, 6 months 5%, and for 12 months 10%. You can pay the full amount of your lease agreement within that period of time interest free. Any late payments or failure to pay full amount within your selected time frame will result into the lease agreement rolling into a FMV Lease.

Equipment Lease Financing vs.
Other Payment Options

Financing your equipment purchase with Restaurant Appliance Depot is a clever choice for business owners. Get the equipment for your company now then pay for it over time via affordable monthly lease payments. Use the equipment to generate revenues while gaining benefits immediately and significantly impact your company’s bottom line.

Lease to Own

Equipment Financing vs.
Purchasing Outright

Few companies are in a position where they have enough working capital to purchase all their equipment, furniture, and software outright. If you finance your equipment with Restaurant Appliance Depot, you will have more available credit for future business opportunities.

Lease to Own

Equipment Financing vs.
Credit Cards credit card

Many small businesses and startups have limited lines of credit available. When you buy your equipment with a credit card, you are throwing away valuable lines of credit that your business may need to utilize for other expenses. If you finance your equipment with us, you leave other financing options for future company needs.

Lease to Own

Equipment Financing vs.
Small Business Loans bank or loan paperwork type

Equipment financing is a great alternative to a loan. Many lending institutions have very strict requirements for businesses to meet before the bank will offer a loan or line of credit. Bank loans usually require a large down payment that can range between 10% - 20% of the equipment cost. Additionally, most bank loans do not come with a fixed rate and are tied to a market rate that can go up over the term of the loan. Bank loans generally contain restrictive loan covenants that obligates the customer to maintain a specific financial ratio, these ratios can restrict the customer’s ability to borrow future funds. In the event that the customer violates one or more of the covenants, the lender holds the right to take payment in full of the outstanding loan amount, even if the loan payments were made on time.

  • Equipment Financing vs.
    Purchasing Outright
  • Equipment Financing vs.
    Credit Cards
  • Equipment Financing vs.
    Small Business Loans

Equipment Financing vs.
Purchasing Outright

Few companies are in a position where they have enough working capital to purchase all their equipment, furniture, and software outright. If you finance your equipment with Restaurant Appliance Depot, you will have more available credit for future business opportunities.

Equipment Financing vs.
Credit Cards credit card

Many small businesses and startups have limited lines of credit available. When you buy your equipment with a credit card, you are throwing away valuable lines of credit that your business may need to utilize for other expenses. If you finance your equipment with us, you leave other financing options for future company needs.

Equipment Financing vs.
Small Business Loans bank or loan paperwork type

Equipment financing is a great alternative to a loan. Many lending institutions have very strict requirements for businesses to meet before the bank will offer a loan or line of credit. Bank loans usually require a large down payment that can range between 10% - 20% of the equipment cost. Additionally, most bank loans do not come with a fixed rate and are tied to a market rate that can go up over the term of the loan. Bank loans generally contain restrictive loan covenants that obligates the customer to maintain a specific financial ratio, these ratios can restrict the customer’s ability to borrow future funds. In the event that the customer violates one or more of the covenants, the lender holds the right to take payment in full of the outstanding loan amount, even if the loan payments were made on time.

If you have any questions about any of our products or finance options please call our knowledgeable staff or fill out the form below:
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