leasezero.com's Q & A

Q. How long does the credit process take?
After we receive your fully completed credit application it usually takes one business day for a response. After you have been credit approved we will issue the lease documents to be signed and faxed back to leasezero. Once received, we will notify the vendor to order and ship your equipment.

Q. What financial or credit information is necessary?
For leases under $75,000, usually a standard lease application is sufficient. Sometimes we will have additional questions. If we do, we will call you and let you know. For leases over $75,000, we will need an application in addition to your current financial statements. If you don’t have a current statement, or if it is not reviewed by your accountant, you may substitute tax returns. Your financial statements are kept in the strictest level of confidence.

Q. When do my payments start?
Rent is prorated from the equipment delivery date (acceptance of delivery) until all necessary documents have been correctly completed, signed, and returned to leasezero.com (lease commencement). We will notify you by phone of your lease commencement date. If you are satisfied with set payment date, you will be billed on that date forth. If you would prefer to be billed on a certain day of the month, we will offer you a courtesy adjustment to fit your billing needs.

Q. Is warranty included in the lease?
Not by the default, but warranty is highly recommended and required for some items of leased equipment. Call for more details. All vendor warranties are passed on to you, the customer.

Q. Can I trade-in (upgrade) the products currently on my lease for newer equipment?
Yes, this is one of the benefits of leasing with leasezero.com.

Q. Can I add equipment to my existing lease?
Yes. A simple, one-page supplement allows you to add equipment to your lease easily. Call for more details.

Q. What are my options after the lease term?
At the end of the lease term, you can:
Purchase the products at its then Fair Market Value
Extend the lease at renewal rent based on the product's Fair Market Value.
Continue to rent products on a month to month basis at current payment.
Return the products to us.
Combine the options indicated above.

Q. Can I cancel my lease at any time?
Lease contracts are non-cancelable; however, leasezero’s flexibility will allow you to upgrade, add, or replace your existing leased equipment should your needs change.

Fees and Costs

Late Fee:
A 10% late fee is charged on all invoice payments not received by their due date (there is a three day grace period).

Property Damage Surcharge:
A property damage surcharge will be assessed if proof of property insurance is not submmited.

Pro-Rated Rent:
Rent will be charged from the day equipment is received by customer (acceptance of delivery) until all proper documents with all required signatures are sent to us and verified (lease commencement).

One Time Origination Fee: On your first invoice you will be charged a one time document handling fee of $59.50

Shipping:
Shipping costs are not included and will be billed upon receipt of equipment.