Frequently asked questions

Q. How long does the process take?
A. With our "Liquid Credit" program, transactions under $150,000 can take just a few minutes to approve.

Q. Can I lease used equipment?
A. Yes.

Q. Can I lease any type of equipment?
A. Typically yes, but there are a few exceptions. Check with your AEL Leasing Specialist to find out what is restricted.

Q. Can I include software?
A. Yes, we can do 100% software financing.

Q. Will my payment change when interest rates go up?
A. No, lease payments are fixed at the time of funding for the initial term of the lease.

Q. How long do I have to be in business to qualify?
A. Typically at least 3 years, but we do have programs to structure new business based on the principal's credit history.

Q. What is a "Purchase Option" or "Buy out"?
A. This is done at the beginning of your lease decision; either you choose a $1.00, 10% or FMV option. $1.00 is just that, $1.00 for ownership transfer. 10% is 10% of the leased amount of the contract. FMV (fair market value) is what the equipment is worth on the open market.

Q. Can I upgrade?
A. Yes. If you outgrow the current equipment, give us a call.