Unlike banks and other general finance providers, Team Leasing is an equipment finance specialist. We pride ourselves on our personal service and transparency in finding you the right finance for the equipment you want to acquire and for your business.
You’ll find some of the most asked questions about equipment finance below, and please contact us online or call us now on 1300 798 997 if we can help you with any other queries about getting a great tailored finance solution for your business.
| Q. What equipment can I lease?
A. Just about any commercial equipment for use in business, government or non-profit institutions. Click here for the list. |
| Q. What dollar amount can I finance?
A. Our minimum lease size is $5,000 and we do not have any upper limits. |
| Q. Does the equipment have to be new?
A. No. Team Leasing provides lease financing for used and/or new equipment - in fact, we can even buy back equipment recently purchased for cash and lease it back to you to free up cash! |
| Q. How long does it take to be approved?
A. Smaller leases can be pre-approved in 4 hours. Complete approvals take 24 - 48 hours. |
| Q. How long should the term be?
A. The term should be no longer than the expected useful life of the equipment being leased. As a guide, the maximum period for computers and software is 4 years and phone systems 5 years, although we will consider longer terms for certain assets and customers. |
| Q. Are the payments fixed for the term?
A. Yes, they are not affected by changes in interest rates. |
| Q. Can I end the agreement early?
A. Yes, you can pay out the agreement early and take ownership of the equipment or for a rental either return or purchase the equipment. |
| Q. How do I know I will get the best price on the equipment that I want?
A. Because you will negotiate your own best price with the vendor or your choice. Team Leasing only purchases the equipment that you have selected at the price you have agreed to. |
| Q. What about software and other “soft” costs in general like training, installation etc.?
A. Team Leasing can provide up to 100% financing for “software only” leases. Our leases all include allowances for costs like training, installation, initial maintenance and consulting fees. |
| Q. Who is responsible for insuring the leased equipment?
A. This is the lessee’s (your) responsibility. You will be asked to provide proof of insurance coverage. |