
Leasing equipment is easy and flexible. With different payment structures and end of term options to choose from, Nationwide can structure the right lease to fit your businesses needs. At Nationwide we have Account Executives that will help you decide which program is right for you. They can help you determine what sort of options you need, and what works best for your type of equipment.
STANDARD END OF TERM OPTIONS
Fair Market Value (FMV)
Our Fair Market Value lease is a good option for our customers who expect the value of their equipment to decrease quickly, or will want to upgrade their equipment at the end of their lease. With the FMV lease, our customers have the option at the end of their lease to return the equipment, lease it for another year, or purchase it for the equipment's Fair Market Value.
$1Buyout
This lease is for our customers who know that their equipment won't lose its value and want to keep it at the end of the lease. If this is your case, then a $1 buyout is the option for you.
5% or 10% Purchase Option
This option is for those who like the open flexibility of a FMV lease, but want to cap their equipment buyout at a certain percent of the equipment value - 10% is our most common buyout option, because it provides a significant discount on the monthly payment.
CREDIT REQUIREMENTS
Express Lease - Application only to $100,000
Nationwide has an Express Lease program for leasing or financing up to $100,000 ($250,000 on hard collateral) in equipment for your business. The only credit information required is a completed, signed one page credit application. The simplicity of the information required allows Nationwide to offer a 2 hour credit decision in most cases. This program allows you to receive funding on an equipment package of up to $100,000 without being burdened by the submission of financial statements.
Gold Lease Program ($100,000-$750,000)
The Gold Lease Program also requires a completed signed credit application. In addition, this program requires that your company submit the last 2 full years of financial statements, and the current interim statements. This program allows your company to enjoy a rate structure based off of the current treasuries which are currently extremely low. |