LEASE AND FINANCING SOLUTIONS FOR YOUR NEXT PROJECT
All heavy equipment and commercial vehicles available for lease and financing.
For more information, please contact us at:
Project Example: Purchase vs Lease Comparison
The case study below shows a comparison between purchasing and leasing an equipment with a total project cost of $350,000.
Key Benefits of Lease and Financing
Leasing and financing can equip your business for success by keeping working capital in your hands.
Avoid large upfront costs and pay for equipment as you gain the benefit of its use.
By choosing to lease equipment instead of making a cash purchase, 100% of the costs are covered and no down payment is required.
Terms and conditions apply. See dealer for details.
Lease and Financing
Frequently Asked Questions
A: Morrico Equipment offers a wide range of heavy equipment and commercial vehicles, all of which can be leased or finance. All loan and lease requests are subject to credit approval.
A: The primary requirement is the possession of a valid business license. Other eligibility criteria may vary and typically include factors such as creditworthiness, financial stability, and the specific type of equipment. Contact our financing team at financing@morricoequipment.com for personalized assistance and to discuss your eligibility.
A: Lease durations can vary based on the type of equipment and customer needs. Generally, leases range from 24 to 60 months.
A: Yes, we offer various financing options tailored to your needs, including lease and loan arrangements. Terms depend on factors like the type of equipment, creditworthiness, and the duration of the financing. Contact our financing team at financing@morricoequipment.com for more information about our financing options.
A: Our application process is streamlined. Complete our online application and gather all the required documents on our online checklist. Then, contact our financing team at financing@morricoequipment.com, and we will guide you through the required steps.
A: Interest rates and lease rates depend on several factors, including market conditions and your credit profile. Contact our financing team for personalized rate information.
A: Down payments and upfront costs can vary. Our financing team will work with you to structure a plan that aligns with your financial preferences. Contact our financing team at financing@morricoequipment.com for more information.
A: Maintenance and insurance responsibilities will be outlined in the lease agreement.
A: Yes, there is often an option to purchase the equipment at the end of the lease term. The terms of the buyout may vary and will be outlined in the lease agreement.
A: Depending on the terms of the lease, maintenance and repairs may be the responsibility of the lessee. The specifics will be outlined in the lease agreement.
A: Tax benefits may be available. Consult with your Certified Public Accountant (CPA) or a tax specialist for more information about possible tax benefits.
A: Equipment upgrades and trade-ins may be possible depending on the terms outlined in the lease agreement. Contact our financing team at financing@morricoequipment.com for more information.
A: Yes, we can work with you to customize lease terms based on your specific needs. Contact our financing team at financing@morricoequipment.com for personalized assistance.
A: If there are changes in your financial situation, contact our financing team at financing@morricoequipment.com as soon as possible to explore options to accommodate your circumstances.
A: Lease transferability depends on the terms of the lease agreement. Contact our financing team at financing@morricoequipment.com to discuss transfer options.
A: The lease termination process may vary depending on the type of equipment and the terms and conditions outlined in the lease agreement. Contact us at financing@morricoequipment.com for guidance on the termination process.
A: Penalties for early termination or prepayment depend on the terms of your lease agreement. Review your agreement or contact our financing team at financing@morricoequipment.com for more details.
A: The timeline varies based on several factors such as the type of credit transaction (loan or lease), type of equipment and the loan/lease amount. Contact our financing team at financing@morricoequipment.com for an estimate based on your specific situation.