A rental is essentially an Operation or Tax Lease whereby the term of the transaction is less than 12 month. Rental Agreements provides the user with short-term utilization of the equipment for flexibility.

EFG provides an attractive feature with its rental programs, the opportunity to purchase the equipment or renew the Rental Agreement upon its scheduled expiration. With a Rental Agreement from EFG, you get two great options, Rent-to-Own Rental Agreement, and a Month-to-Month Rental Agreement.

Rent-to-Own Agreements

This program is ideally suited for those who think they might want to eventually buy the equipment. The Rent-to-Own option features low buyout purchase options, flexible rental renewal options, and easy return options.

Month-to-Month Program

If you have no plans to buy the equipment at the end of the original rental period, The Month-to-Month program offers the convenience and simplicity of utilizing the equipment and the ease of returning the equipment at end of the rental period.

Rent-to-Own End-of-Term Options – At the End-of-Term point you may:

  • Purchase Option for the equipment at the stated price.
  • Renewal Option the lease for an additional period at a stated renewal rate for a stated period.
  • Return the equipment to Equipment Finance Group.
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Fast, flexible credit process

Simple, one-page credit application

CAPEX and lease lines up to $10,000,000

Application only approvals up to $500,000

Lending for new, demo, refurbished, and used machines

100% financing available

Tooling, shipping, rigging, accessories, and extras included

Excellent rates & low monthly payments

Transaction terms from 1 to 7 years

Deferred and structured payment plans available

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The Financing Process

To begin the financing process complete our simple online credit application inquiry. After receipt of your initial submission, EFG will gather additional information specific to your purchase and company and electronically forward a fully populated Credit Application for your review and signature.

We will promptly contact you to develop a finance proposal. Typically, we are able to process a request under $500,000 with little to no additional information.

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Other Financing Options

Capital Leases

A finance lease is a full-payout, non-cancelable agreement, in which the lessee is responsible for maintenance, taxes and insurance. 
Finance leases are most attractive in cases where the lessee wants the tax benefits of ownership or expects the equipment's residual value to be high. These leases are structured as equipment financing agreements with residuals up to 10 percent. The lessee purchases the equipment upon lease termination at a pre-agreed amount. The term of a finance lease tends to be longer, nearly covering the useful life of the equipment.

This type of lease is classified and accounted for by a lessee as a purchase and by the lessor as a sale or financing, if it meets any one of the following criteria: (a) the lessor transfers ownership to the lessee at the end of the lease term; (b) the lease contains an option to purchase the asset at a bargain price; (c) the lease term is equal to 75 percent or more of the estimated economic life of the property (exceptions for used property leased toward the end of its useful life); or (d) the present value of minimum lease rental payments is equal to 90 percent or more of the fair market value of the leased asset less related investment tax credits retained by the lessor.

Operating Leases

An operating lease is particularly attractive to companies that continually update or replace equipment and want to use equipment without ownership, but also want to return equipment at lease-end and avoid technological obsolescence. An operating lease usually results in the lowest payment of any financing alternative and is an excellent strategy for bypassing capital budgeting restraints. It typically qualifies for off-balance sheet treatment and can result in improved Return On Asset (ROA) due to a lower asset base. It can also result in higher reported earnings in the early years of the lease.

The Lessor recognizes the tax incentives provided by the tax laws for investment and ownership of equipment. It allows the lessor to claim ownership and the lessee to claim rental payments as tax deductions. Generally, the lease rate factor on tax leases is reduced to reflect the lessor's recognition of this tax incentive. This type of transaction qualifies as a lease under the Internal Revenue Code.

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