New Equipment Leasing, Inc. and NEL Financial, LLC has been a family owned and operated company since 1989. While we finance all types of equipment for various industries, power equipment has always been a significant part of what we do. Since we are self-funded and make all credit decisions in house, we can typically be more flexible with our approvals and how we structure our deals.
Let one of our experienced Power Equipment representatives show you how leasing can be a good option for your business.
Program - Description
Exclusive New Every Two Year Program:
- 24 month term. Payment factor = .0358
- Free mid-term service at end of the first year.
- End of lease options = Customer returns the equipment or purchases it for a set 40% residual value.
- 17 point check list and 1200 hr. limitation
10% Buyout Option Operating Lease Program
- Lease to own yet still qualifies as an operating lease for tax purposes.
- Terms from 24 to 42 months.
- End of lease option = purchase the equipment for a set 10% residual value.
- Payment factors – 24 mos. = .0455; 36 mos. = .0325; 42 mos. = .0288
Other Programs Available
- $1.00 buyout capital leases.
- Municipal leases for cities, townships, schools, etc.
- Conventional finance options. (loans)