Q: Why lease?

A: Because of the sizable cash outlay involved in equipment acquisitions, many business lease to conserve capital. Money may be better spent on appreciating assets and investing capital in your business. Since monthly lease payments usually remain fixed for the entire term of the lease, you can accurately budget into the future and manage technology investments over time. Other benefits include:

• Improved cash flow management
• Fixed rate for the term of the lease
• Simplified capital budgeting by tailoring monthly payments to meet your needs
• Flexible payment terms so you can pay more in the months when the equipment is generating revenue
• 100% financing
• Technology upgrades
• Potential tax benefits

Q: Who can lease?

A: Trimble Financial Services leases are available to business customers only. Businesses less than two years old may be required to personally guarantee the lease.

Q: Are advance payments required?

A: For the majority of leases, a nominal documentation fee and the first and last payments are required.

Q: Can the equipment be upgraded?

A: Yes. One of the great features of a lease is that you can upgrade the equipment as technology advances and your business needs change.

Q: Who should sign the lease?

A: An authorized officer of a corporation, one of the partners in a partnership, or an owner of a sole proprietorship can sign for a lease.

Q: Why do you need financial statements or additional information about my company?

A: Information provided by credit bureau reports is often insufficient. Complete financial statements and other information about your company"s operations offer a more complete picture of your business and allow credit analysts to approve transactions they might otherwise decline.

Q: Why should I choose a lease over a bank loan?

A: Leasing programs and procedures are specially-designed to take the red tape out of financing – whenever possible avoiding typical “bank requirements.” Some banks may require compensating balances or other restrictive policies such as sizable down payments, client list reviews and cash flow projections.

Q: How do lease rates compare to short-term rental rates?

A: Leasing is generally less expensive if you need the equipment for more than six months. Leasing also offers the advantage of a flexible purchase option at the end of the lease.

Q: What if the equipment leased is not satisfactory?

A: The lessee will receive a telephone verification to confirm that the equipment is as ordered and working to the lessee's satisfaction before Trimble Financial Services remits final payment to the vendor. If not satisfied, the lessee may refuse to sign off and prevent the lessor from making final payment to the vendor until the problem is resolved.

Q: What if the lease is signed and the vendor is paid before there is an equipment problem?

A: The lessee has all the benefits of ownership with respect to warranties and guaranties and may exercise them as needed. This extends to the vendor and manufacturer.

Q: What lease terms are available?

A: Trimble Financial Services offers lease terms of 12, 24, 36, and 60 months. Other options and customized terms are available to qualified applicants.

Q: What purchase options are available?

A: We offer several types of leases:

• Our $1 Purchase Option allows you to purchase the equipment at the end of the lease for the nominal charge of $1.
• Fair Market Value of "FMV" allows you to use the equipment for the term of the lease and then either return or purchase the equipment or extend the lease. The purchase option is based on the Fair Market Value of the equipment at the end of the lease.
• Our 10% Purchase Option allows you to purchase the equipment at the end of the lease for 10% of the original equipment cost.

Q: Can I include software on a lease?

A: 100% software-only programs are available. Or, you may include software as part of a lease as long as it makes up less than 20% of the total value of the lease. You may also include software licensing on the lease but only under the $1 Purchase Option since software licensing is non-transferable.