Swanson Leasing

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FAQ's


Frequently Asked Questions

 

Q: What type of equipment or items can be leased?
A:

New and Used equipment and trailers of all types.

 

 

Q: What brand of vehicles will SLI lease?
A: We will lease any brand of car or truck - domestic or foreign.
 

 

Q: How long of a term can I lease a vehicle or equipment for?
A: 6 to 48 months are among our most perferred lease terms.
 

 

Q: Is there an early termination penalty?
A: No.  Swanson Leasing does not charge early termination fees!
 

 

Q: Does Swanson Leasing offer seasonal billing?
A: Yes, our "Flex. Business Lease"!
 

 

Q:   Are there tax advantages to leasing?
A: Yes.  Lease payments are normally 100% deductible as business expenses.  Keep in mind that business expenses are paid from pre-tax earnings....not after-tax profits.  But, always consult your tax advisor.
 

 

Q: How will a lease affect my credit?
A: Leasing actually protects your line(s) of credit or borrowing ability.   Leasing preserves your funds for other business requirements or opportunities
 

 

Q: Is there a determined interest rate on my lease?
A: This is a lease, not a loan, therefore, interest is not a lease factor.
 

 

Q: Can I buy the equipment at the end of my lease?
A: Yes, Swanson Leasing will accomodate *FMV or $1.00 buy out terms.
 

* Fair Market Value