Waste management equipment leasing




Waste management vehicle financing

One of the questions we are frequently asked is in regards to the type of equipment and vehicles we finance for the waste management industry. We generally lease a wide range of new and used waste equipment, ranging from containers, waste disposal systems, computer hardware and software, and trucks and vehicles from 1-500 units.

Another question we are frequently asked regards the rate. Lease financing is a different form of financing from a bank loan and lease financing is generally more flexible. Some factors which affect the rate include: time in business, type of equipment/vehicle being leased, size of transaction, length of term, and overall credit strength.

You have several options at the end of a lease, depending on the type of lease including the following:

  • Buy the equipment for $1.00
  • Purchase the equipment for fair market value
  • Continue to rent the equipment month to month or for a specific period of time (i.e. 3 months, 6 months, one year, etc)
  • Return the equipment to the Lender

It can be beneficial to establish a master lease agreement whereby the client can agree to the general terms and conditions of a lease in one document which will govern subsequent transactions.  Under the master lease, the business will have schedules for each “batch” of equipment they finance over time with the lender.  Schedules can be for different terms depending on what is appropriate for the waste management equipment being financed. If there is additional equipment or vehicles needed, you can simply add it to the master lease.

For more information on our waste management equipment leasing solutions visit here or see our video.