Frequently Asked Questions
How long does the leasing process take?
Leasing with LeaseUSA is very fast. Requests for up to $75,000
can be approved in a couple of hours from a one
page credit application. Documents are overnighted or couriered
hand-delivered, or e-mailed to you after we approve your credit,
and a purchase order is immediately faxed to your vendor after
documents have been received by us.
What kinds of equipment can be leased?
Most types. LeaseUSA will finance most
anything. This can include furniture, software, and
other soft costs associated with equipment purchases.
Does the equipment have to be new?
No. We will finance many types of used equipment upon approval.
What is the buy out?
You have a variety of options available to you.
These include FMV, $1 Buy Out, and Fixed Purchase Options. For more
information, visit our Types of Leases page.
What is the rate?
Rates are determined based on credit history,
equipment cost, and term structure. For an
immediate quote complete our Instant Quote
Are lease payments a tax write off?
Typically, the IRS will allow you to write off
100% of your lease payment on a true or FMV
lease. Consult your accountant for specific
application to your business.
Are lease rates variable?
No. Lease rates and terms are fixed.
How long do I have to be in business?
Most programs require a minimum of two years in
business. However, if your transaction is below $15,000
or you have an exceptionally strong financial statement,
exceptions can be made.
How is a lease different from a loan?
A lease is an agreement to make payments for a
specific amount of time for the right to use the
equipment owned by the lease company. For more
information, see our Leasing vs. Bank Loans page.
What is required to qualify for a lease?
A simple, one page application is usually all that's
needed. Financial information will be required for
leases over $75,000.00.
How much of an initial investment is required?
Usually, one or two monthly payments are required
upon signing our agreement. Other arrangements can
be made for qualified customers.
What is the minimum equipment value that can be leased?
The minimum is $3,000.
Can service fees be added?
Yes. Installation and service fees can be included in the
lease as well as the maintenance contract.
What about adding software?
Yes. Software and other soft costs can be added to the
lease. Software-only leases are available at special
What about adding equipment at a later date?
Yes. Simple add-on programs are available throughout
the term of the lease.
Are all leases the same?
No. There are three lease purchase options available to
choose from: $1.00, Fixed Purchase Option, and Fair Market Value (FMV).