Types of Leases

Faithshire offers several types of lease programs to suit your needs. A brief description of the more popular programs is listed below.

New Equipment Lease
After a lease agreement is accepted by Faithshire, the Lessor , will purchase the new piece of equipment directly from the vendor, and will own the equipment. The Lessee will then pay Faithshire a monthly rental fee for a pre-determined number of months to use the equipment.

Used Equipment Lease (Sale and Leaseback)
This option is ideal for companies who already own a piece of equipment and wish to increase their cash flow. Faithshire will buy the used piece of equipment, generating an increase in working capital for the lessee, and the lessee can continue to use the equipment through a monthly rental payment.

Semi Annual Lease
This varied payment option is great for companies who experience a fluctuation in their cash flow, such as seasonal or agricultural companies.

Stretch Lease
This lease will provide the lessee with a guaranteed fixed early purchase option after a specified number of months of the lease agreement have been completed. This is an amount equal to or greater than 10% of the original purchase price of the equipment.

Step Lease
This type of lease allows the lessee to either increase (Step-Up) or decrease (Step-Down) their payments over the term of the lease agreement, to meet cash flow variations.