FREQUENTLY ASKED QUESTIONS
What does it cost to apply for a lease?
It doesn’t cost anything to apply for a lease.
How long of a term can I lease for?
Terms range from 12 to 72 months.
Can I defer or skip payments?
Yes, but this has to be set up at the start of the lease. This is a great option for seasonal businesses.
Can I lease used equipment?
Yes, the equipment can come from an end user, an auction, or a vendor.
Can I lease equipment that I already own or refinance equipment already on lease with another company?
Yes, OCM can write a check for equipment that you already own.
May the equipment be returned at anytime?
No, the lease is non-cancelable agreement.
When do my payments start?
Most leases require the first and last payment at signing. The next payment will be approximately 30 days after delivery.
Do you offer leasing to new businesses?
Yes
Can I finance software and maintenance?
Yes, we can package a lease together to include the “soft cost” such as software, service and support cost. This way you have one simple payment for an entire system or equipment line.
Is there a minimum amount you will finance?
Yes the minimum OCM will finance is $5,000.00.
What is the first step?
Complete the lease application then fax it, mail it, or drop it off.
What are my options at the end of the lease?
You may purchase the equipment for its fair market or value, or for a settled price at the beginning of the lease (usually a $1.). Other options include, continuing to lease the same equipment, or return the equipment with no further obligation.
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