Frequently Asked Questions

1. What exactly is a lease?
2. How long can the lease term be?
3. How long does the leasing process take?
4. What kinds of equipment can be leased?
5. Does the equipment have to be new?
6. What is the buy out?
7. What is the monthly rate?
8. Are lease payments a tax write off?
9. How long do I have to be in business?
10. What is required to qualify for a lease?
11. How much of an initial investment is required?
12. What is the minimum equipment value that can be leased?
13. Who takes care of maintenance on the equipment?
14. What about adding software?
15. What about adding equipment at a later date?


What exactly is a lease?
A lease is an agreement to make payments for a specific amount of time for the right to use the equipment owned by the lease company. Essentially it's a long-term rental agreement and, accordingly, there is no interest rate attached to a lease.

How long can the lease term be?
Abtex offers 12 or 24 month leases.

How long does the leasing process take?
Leases can typically be approved in under 48 hours. Documents are over-nighted, hand-delivered, or e-mailed to you after we approve your credit. Equipment is delivered immediately thereafter.

What kinds of equipment can be leased?
Virtually any type of computer equipment from the major manufacturers can be leased. However, we offer lower rates on equipment which we normally stock. Click here for a basic listing of Lease Equipment Manufacturers and models in our inventory. Call us for specifics.

Does the equipment have to be new?
No. We will lease used equipment, and we stock an extensive inventory of used computer equipment from the major manufacturers. Call for exact models.

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What is the buy out?
We offer a Fair Market Value buy out option. For more information on a FMV buy out, click here: Types of Leases

What is the monthly rate?
Rates are determined based on credit history, equipment cost, and term structure.

Are lease payments a tax write off?
Typically, the IRS will allow you to write off 100% of your lease payment on a true or FMV lease. Abtex specializes in FMV leases. Consult your accountant for specific application to your business.

How long do I have to be in business?
Most programs require a minimum of two years in business. However, if your transaction is below $15,000, or you have an exceptionally strong financial statement, exceptions can be made.

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What is required to qualify for a lease?
A simple, one page application is usually all that's needed. Financial information may be required for leases over $75,000.00.

How much of an initial investment is required?
Usually, one to three monthly payments are required upon signing our agreement. Other arrangements can be made for qualified customers.

What is the minimum equipment value that can be leased?
The minimum is $5,000.00.

Who takes care of maintenance on the equipment?
It depends upon the make and model of the equipment. If it's something we stock, generally Abtex covers maintenance costs. If it's not a piece of equipment we stock, and is new, generally the manufacturer's warranty covers the maintenance during the life of the lease.

What about adding software?
Yes. Some software and other soft costs can be added to the lease. Software-only leases are not available.

What about adding equipment at a later date?
Yes. Simple add-on programs are available throughout the term of the lease.

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