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The information on this page does not supersede the lease documents signed by the lessee. For specifics, please review the lease documents. The information on this page is subject to change without notice and is not legally binding or otherwise construed as a formal agreement of terms.
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Overview:
There is no pre-payment penalty on Global Concepts Funding leases. The payoff amount never exceeds the sum of outstanding payments and fees due. At the conclusion of the lease term, the lessee has various options.
For titled equipment these include:
- Deliver funds equal to the residual and take ownership of the asset(s).
- If the Lessee elects to purchase the unit pursuant to the terms of the lease, a simple application process is used when financing the residual through Global Concepts Funding.
- Return the equipment. The lessee is responsible for the difference between the residual amount and the liquidation amount plus expenses.
For non-titled equipment these include:
- Deliver funds equal to the residual and take ownership of the asset(s).
- If the Lessee elects to purchase the unit pursuant to the terms of the lease, a simple application process is used when financing the residual through Global Concepts.
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