There are many payment options available when it comes to equipment financing. Knowing the options available is one thing, but knowing which one is the best choice takes industry knowledge, finance experience and an understanding of your specific business.

That’s where Connext comes in. Connext equipment Finance Experts work with you to understand your business needs, and then work on the equipment lease and associated payment structure. It’s by first realizing the business needs, that Connext is then able to discuss with you the various payment options for an equipment lease or equipment financing and make the appropriate choice. Frequently used and available payment options that Connext offers are as follows.

Payment Options

• First payment deferments – Allows the individual who is financing equipment to not pay, or defer, the first payment. This is helpful in a situation where cash is tight in the short term.
• Skip, Step, Seasonal. Monthly, Quarterly, Semi-Annual & Annual Payments – Allows payment structure to follow your business. Works well with seasonal businesses leasing equipment, or those with staggered or inconsistent revenue streams.
• Direct debit payments – Allows for automatic payments, lessening the administrative burden.
• Early Termination and Buy-out Options – Allows for flexibility down the road. Useful if cash needs are unknown in the future.
• FMV Purchase Options with and without Not-to-Exceed Caps – Allows for risk reduction for a business and allows the company to purchase the equipment.

To better understand which payment structure is right for your equipment lease or finance agreement, contact a Connext equipment Finance Expert.