Lease financing offers you the lowest monthly costs, with one-to-five-year fixed payment terms providing you the best rates in market. If you operate an established business, know exactly what equipment you want, and value ownership over flexibility, then traditional lease financing is for you.
Renting provides the most flexibility with a 12-month term and 52-weekly payments. If you are still deciding if the equipment is going to work for you or want the equipment to grow with your business, then renting may be for you. Our equipment rental program has four easy end-of-term options:
| Renting | Leasing |
|---|---|
| Weekly payments | Monthly payments |
| 12-month term | 12–60-month terms |
| End of term: You can purchase, return, lease or continue renting | End of term: You own the equipment |
| Ability to upgrade equipment | Equipment is fixed |
| Low cost | Lowest cost |
Yes, there are tax benefits with leases and rentals. We would encourage you to speak with a tax professional to better understand how leasing can provide tax benefits.
Great! We are happy to work with start-up businesses, established businesses and everything in between.
As the lessee, you are responsible for properly insuring, servicing, and maintaining your equipment. If the equipment breaks down, this is a manufacturer warranty issue and you will need to contact them to arrange repair or replacement as per their terms and conditions. You can also contact the equipment dealership where you made your purchase.
You can request a call by clicking here. If you are ready to apply now, please use our secure online application.
Your dedicated EconoLease account manager will contact you with approval options within 24 hours.
EconoLease has financing options for a wide range of credit profiles. We will contact you once your application has been received and discuss customized options that best suit your situation.
Yes, we will work to include your full purchase.
Once your application is received, you will be provided with a link to activate your customer portal account. Once activated, you will be able to track the progress of your application, upload required documentation, and review your paperwork. This is not mandatory but allows instant access to your financing files.
Our loan product is a great option for non-equipment purchases. Click here for more info.
