The process begins by filling out a simple one-page leasing application. From there, our team of credit experts begin processing the information. Being approved isn’t based on just the numbers. At United Leasing Associates, we know that there is a story behind every situation. We take the time to gather the information to make an informed decision.
After collecting the information and deciding upon an approval, the terms and costs are calculated to give you a clear picture of what your lease commitment will be. All costs can be included in a lease such as: installation, consulting, training and even delivery. Once the lease has been approved, we work with the customer to make it happen.
Documents are processed quickly and accurately to keep the process moving. Once all of the necessary documents have been signed and submitted, payments can be processed to the vendors. Purchase payments can be processed by check, credit card and even ACH for quick payment. We want to keep the vendor happy so they keep our customers happy.
Once the lease has been signed and the equipment delivered, lease payments begin. Payments can be paid with check, credit card or ACH. Credit card payments can sometimes carry a processing fee but the option is offered as a convenience to our customers. Throughout your lease with United Leasing Associates, our staff is available to help you with any questions you may have. Every question is important and that is why we strive to answer phone calls within the first two rings and have answers as soon as possible. Our friendly and knowledgeable staff will not rest until we have an answer for you.
The end of lease process is just as easy as the beginning. Depending on the end-of-lease option you have chosen, the steps will vary:
END OF LEASE TYPE |
FINAL COST |
| Dollar Buyout | $1 |
| Fair Market Value (FMV) | FMV of the equipment at the end of lease |
| % Payable Upon Termination (PUT) | % of the original equipment cost |
| Fixed Purchase | % of the original equipment cost |
No matter what option you choose, you will pay the agreed upon payments plus the final payment amount. Once all money has been paid to United Leasing Associates, the final steps take place. If you have opted to keep your equipment, the ownership is transferred and your account is closed with United Leasing Associates. If you have chosen to return the equipment, you must schedule a return carrier and return the equipment to the designated location. Once the equipment is returned, your account is closed with United Leasing Associates. All money must be paid to United Leasing Associates before equipment is returned.
Once you see how painless the leasing experience can be, we bet that you will be back for more! And we will be ready to serve you. Once you are an established customer, the application process becomes even easier because we already have all of your information. Generally, we only need to update the information and the process begins! In some instances, additional financial information may be required.
Try our leasing services and we promise you won’t be disappointed!