American
Surveillance and Security™ thanks you for taking the time to consider leasing as a form of financing for your new equipment. And, we want to stress to you the most exciting feature of leasing - when the terms of the lease are complete, the equipment is yours with either a $1 or 10% payment - and there is no penalty for early buy-out of your lease!
The following are some commonly asked questions about our lease/purchase programs:
Q. What are my limitations under a lease/purchase agreement?
A. NONE! Our leasing company works with you to reach and agreeable term and frequency for your payments that meets your needs.
Q. What if I want to pay off my lease early?
A. NO PROBLEM! The commercial lease comes equipped with a Stipulated Loss Value Schedule which represents the payoff number as a percentage of the equipment value at any given time. This schedule is used to determine the price of the payoff.
Q. Is there a penalty if I pre-pay my lease obligation?
A. ABSOLUTELY NOT!
Q. What is needed to process my lease?
A. Simply complete the short application(just one page for leases less then $75,000) provided by your security consultant, fax it back to us at 760-591-4330 and we will handle all of the paperwork.
Q. Who has title of the equipment throughout the length of the lease term?
A. The lessee (you) has title, with the lessor granted a "security" interest
Q. Who can sign the lease documents?
A. The individual who is encumbered by the Secretary of the corporation has signatory power to execute documents, or in the case of a sole proprietorship, the owner(s) sign.