Leasing Process

  • Identify equipment and negotiate price with vendor.
  • Submit credit request either on-line or with AEL leasing specialist. Accurate information speeds approval process.
  • AEL completes credit investigation - either instantly using business and principal's credit history, or for larger or more specialized projects, within hours using individualized assessment.
  • Upon approval, AEL notifies and sends lease contract via e-mail. A lease can be delivered within hours of submitting a credit application.  
  • After lease contract is signed, AEL issues a purchase order for the equipment and vendor ships the equipment.
  • When equipment is delivered and accepted, AEL pays vendor.