Why Lease?
Leasing offers fixed regular payments; provides financing for 100% of the equipment cost; allows businesses to pay for equipment as it is used to generate income; conserves both working capital and lines of bank credit; and may offer certain tax Advantages.

Who Can Lease?
Any company, organization or association. Nationwide cannot lease equipment to an individual for personal use.

What Is the Process for Leasing Equipment through Nationwide?
Nationwide reviews the credit information supplied on the lease application. Upon approval, the lease agreement is executed between Nationwide Funding, LLC and the lessee. When the equipment is delivered, Nationwide begins billing the lessee for the agreed upon lease payments.

Is A Down Payment Required?
A security deposit, usually equal to the first and last months' lease payments, is generally needed. This differs from a down payment in that the amount is typically much smaller and is applied towards the contractual term of the lease.

How Are Lease Payments Determined?
The monthly payment is based on the term of the lease, cost of the equipment, the type of leasing structure the lessee chooses, and the credit risk of the transaction. The initial term of a lease runs from 12 to 60 months.

What Factors Are Used To Determine Credit Worthiness?
Type of business, length of time in business, financial condition, references from financial institutions, and D. & B. (Dun & Bradstreet) or other credit bureau ratings.

Can the Lease Be Canceled?
No, but equipment can be traded-in for new, leased equipment before the expiration of the initial term. Nationwide also offers a special rate for those requiring a "buy out" option during the term of the lease.