Norwest-Finance links:
Description Financial Lease
Finance
Leasing provides 100% financing (no deposit necessary) for the purchase
of business equipment. A Finance Lease is a rental agreement in which
the financier owns the equipment, and the lessee indemnifies the
financier for the agreed residual value at the end of the lease term.
It is important to note that there is no option for the lessee to purchase the equipment either during or at the end of the agreement. Most financiers will, however, consider an offer from the lessee to purchase the equipment for the residual value at the end of the lease term.
It is important to note that there is no option for the lessee to purchase the equipment either during or at the end of the agreement. Most financiers will, however, consider an offer from the lessee to purchase the equipment for the residual value at the end of the lease term.
