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Common Questions

Why Lease?


Conserve Working Capital - By eliminating the drain on working capital that results from a cash purchase or a large down payment, you preserve working capital for other income producing activities such as hiring new sales people, building up your inventory or purchasing appreciating assets such as real estate.

Preserve Lines of Credit - By utilizing leasing to acquire your new equipment, you preserve your bank credit lines for seasonal and unexpected working capital needs.

Tax Benefits - Lease transactions can be structured in a manner that can result in lower after-tax cost than out-right purchase.

Inflation Hedge - Since lease payments are fixed for the full term of the lease, you have the comfort of knowing that even the smallest level of inflation allows you to make future payments with cheaper dollars.

Obsolescence Protection - Since lease payments can be structured to mirror the useful life of the equipment, the cost of moving to the latest technology can be controlled. Our programs allow you to upgrade your equipment without penalty so that your business stays on the leading edge.


Who Can Lease?

Our leasing programs are designed for companies, large and small, as well as state and local governmental entities, educational institutions and non-profit organizations.


Is a Down Payment Required?

Normally the first and last lease payments are all that are required up front.


Can The Lease Be Canceled?

No, however the equipment can be traded in for new equipment before the expiration of the lease term and a new lease can be structured.


Can Different Equipment Be Included In The Same Lease?
Yes. Provident Capital Group can arrange to finance different types of equipment under the same lease or we can structure a Master Lease Line of Credit that will enable you to lease a broad range of equipment over an extended period under one agreement.


What Types of Equipment Can Be Leased?

It is probably easier to answer the question, what types of equipment cannot be leased? Provident Capital Group has arranged leases for the following types of equipment:
  • Telecommunications Equipment
  • Computer Hardware & Software
  • Medical, Dental & Veterinary Equipment
  • Machine Tools
  • Food Processing Equipment
  • Printing Equipment
  • Automotive Equipment
  • Office Equipment
  • Commercial & Industrial Equipment
  • Fitness Equipment
  • Audio/Video Equipment
  • Furniture



 
Can't Find An Answer?

For answers to other questions you may have, simply email us or call on our toll-free phone line:

1-800-877-8056.

 
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