Technology / IT Equipment Leasing Programs

Important Information

1. To qualify for Taycor Financial's standard technology equipment and/or software leasing and financing programs, customers much be credit approved with a minimum time in business of 2 years.
2. The $1 purchase option is a fixed monthly payment lease with the highest monthly payment comparative to the other technology equipment and software leasing programs. This option is for those who are acquiring equipment / software with a long useful life or items that will be continued part of the business model after the end of terms. At the end of the lease term the bill of sale and ownership of the equipment and/or software will be transferred to the Lessor for $1 or $101 in states where a nominal purchase option is not allowed.
3. The 10% purchase option (or put) allows the Lessor to merge the benefits of a fixed end of term residual with a lower monthly payment. This technology equipment leasing program offers the flexibility of the option to return the equipment or purchase it at the end of lease with a predetermined purchase option. The purchase option structure is not valid for certain types of custom software acquisitions, please contact a leasing professional to learn more.
4. Fair Market Value (FMV) structure, often referred to as a true lease or operating lease, offers the lowest monthly payment. At the end of the term the Lessor has the option to upgrade and return old and outdated technology equipment to Taycor Financial, extend the lease for a fixed period, or purchase the equipment at the then fair market value. This lease structure is subject to approval by Asset Department at Taycor Financial, please contact a leasing professional to learn more.
5. Equipment Finance Agreement (EFA) or loan structure is a traditional loan product with a fixed monthly payment and term. The key difference between a lease and a loan structure is in the ownership of the technology equipment and/or software during the term of payments. With an EFA structure you enjoy the benefits of ownership, but sacrifice some of the tax advantages of a properly structured technology or software lease program.