Rapid Prototyping Equipment Financing
The Flow Of A Lease Transaction
Your equipment lease is only one part of a successful leasing transaction. The leasing process really begins with the selection of equipment and ends with decisions about your actions when the lease has run its full term. From the time you begin selecting equipment, every choice you make will affect the benefits and value you get from the equipment and from the lease itself.
As you select equipment, you do more than choose machinery that serves your immediate needs. You also are making a strategic decision, because you are going to depend on that equipment for the term of your lease. The equipment you choose has very specific technical characteristics. It also has economic characteristics that affect the cost of every project that uses it. You might want to look at our brief discussion of equipment selection before you settle on a particular model or configuration.
If your company is a young or small firm, if it's new to leasing or if it's new to leasing with NCP you will have to provide us with financial information. This information enables us to offer the best possible lease rate and terms. While our requirement for complete information may seem obvious to you, it's also possible that you don't have a lot of experience documenting the financial aspects of your business. In that case, you ought to consider our advice on preparing financial statements.
You can look at our master lease and related documents to see just what it says. In case you don't understand all the terms and how they might affect you, you can check out our short tour of lease terms and conditions. You will undoubtedly review the lease with your lawyer and accountant, but a little extra knowlege can't hurt . . . and it might help you keep professional fees under control.
The master lease agreement itself is only one of the several formal documents that together constitute a complete leasing arrangement. To see how all these items fit together, please look at our overview of lease documentation as well as the individual documents.
Finally, you probably ought to think about the end of a lease even before you reach its beginning. An NCP lease gives you the option of purchasing the equipment, but that's not the only thing you might want to do when the term is up. To help you consider all the actions you might take and to help you plan your lease most effectively right from its inception, we suggest you review our discussion of ways you can extend a lease or enhance the leased equipment to obtain the best possible value and greatest flexibility.
2055 Reading Road, Suite 240
Cincinnati, Ohio 45202
Phone: (513) 333 0221
Fax: (513) 333 0887