Equipment Leasing Rates

One of the reasons why so many business owners look towards equipment leasing and financing for their equipment purchases is because of the competitive interest rates.  For the most part, equipment leasing offers an affordable way to finance expensive equipment.

Interest rates can vary depending on several factors:

• Type of Equipment

• Borrower Credit

• Lease Type

• Length of Lease Term

• Economic Cycle

• Time of Year

• And several other reasons.

So when you ask your lender what their rate is, and they tell you it depends, they really mean it. On the other hand, there is no reason why they shouldn’t be able to give you a range of interest rates that they are offering, depending on the factors given above.

If you already know what your interest rate is, but would like to know your monthly payment, then click on the link below: