Boelter's Leasing Program Makes Obtaining Equipment Easy
- Standard Financing Programs with terms up to 60 months
- Application only up to 100K without financial package (quality credits)
- Combine all your equipment, installation, and warranty into one payment
Apply Online For Fast Response
Apply today for Boelter financing! With the online application, your application gets immediate review, and you’ll have your response quickly. If additional information is required, you will be contacted by a Boelter financing representative who will assist you with any requirements. Or, you can download, print and fax this one page application.
The Right Choice
We offer competitive rates and exceptional service. We’ve worked with virtually everyone including experienced independent restaurateurs, growing chains, franchise owners, and start-ups.
For More Information and Questions
Our leasing specialists at Highline Capital are ready to help answer any questions you have and to assist with the process.
Boelter Finance
Phone (800) 791-7347
Fax (800) 791-7348
credit@financedept.net
Click here to find out about Boelter Finance 2008 Tax Incentives!
Frequently Asked Questions On Financing
Q. Can my lease be cancelled or paid off early?
A. Leases are non-cancelable. However, you can pay off your lease at anytime, although we recommend you consult your tax accountant on any benefits of doing so.
Q. What is the interest rate in this lease?
A. Since you are leasing and not taking out a bank loan to finance your purchase, there is no “interest rate” as we usually think of one. It’s more like leasing office space. You’re paying for the use of the equipment, with the monthly payment amount based on the type of leasing plan you choose, the terms of the lease, and the cost of the equipment.
Q. What should I do if I have problems with the equipment that I leased?
A. The vendor providing the equipment is solely responsible for any service or warranty issues. The Lessor’s role is to assist you in financing the equipment, the same way a bank would finance a car.
Q. Why did you request my personal guaranty?
A. The credit manager makes fast, accurate credit decisions based on the limited information requested on our convenient credit application. We check publicly-available information, and have found that credit bureaus are the most accurate and reliable. We’ve also found that smaller businesses have payment practices similar to those of their principals.
Q. What is the Documentation Fee?
A. The Lessor does not charge an application fee. We do, however, charge a nominal fee to compensate us for processing the lease documents and reimburse us for the fees incurred with filing UCC-1 financing statements.
Q. Why am I required to have insurance on my leased equipment?
A. Since the equipment is owned by the Lessor and the lease is for the use of the equipment, we must guarantee that if the equipment is destroyed or stolen, our lease will be paid off from the proceeds of the insurance policy. Most commercial policies cover leased equipment; all you need to do is have your insurance agent forward us an endorsement at no cost to you.
Q. What taxes am I responsible for?
A. In most states and some county and local jurisdictions, the Lessor is required to pay sales and/or use taxes on each monthly payment. Since the lease payment was calculated in advance, and these rates change from time-to-time, this amount is billed separately. In certain states, the full amount of taxes is due at the inception of the lease, and the responsibility to do so falls on the Lessor. In these situations, the tax is added to the equipment cost to calculate the monthly payment.
Many states also charge an annual tax on tangible personal property. Since the Lessor is the legal owner of the equipment, we are required to pay this tax. (Our lease rate does not include these costs.) We pass this cost on to you in a lump sum. Again, these taxes change periodically and are not included in the calculation for the base monthly payment.
Q. What are the tax benefits associated with leasing?
A. From you, the lessee’s viewpoint, you may be able to deduct the monthly lease payment as a business expense on your tax returns. You should seek specific advice from your tax accountant.
For additional information call:
Boelter Finance
Phone (800) 791-7347
Fax (800) 791-7348
credit@financedept.net
Click here to Register for Boelter Leasing
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