Why Flip Houses?
We saw this on Success Path which gives us a great introduction on making profit by buying, fixing up and then selling for a nice profit.
Who Can Lease?
Any company, organization or association. Orange Capital Funding cannot lease equipment to an individual for personal use.
What Is the Process for Leasing Equipment through Orange Capital Funding?
OCF reviews the credit information supplied on the lease application. Upon approval, the lessee prepares the path for the purchase. When the equipment is delivered, OCF begins billing the lessee for the agreed upon lease payments.
Is A Down Payment Required?
A security deposit, usually equal to one or two months' lease payment, is generally needed. This differs from a down payment in that the amount is typically much smaller and it is a true deposit which can be applied to the purchase price of the equipment at lease-end, or returned if there are no other payments due.
How Are Lease Payments Determined?
The monthly payment is based on the term of the lease, cost of the equipment, and the type of leasing plan the lessee chooses. The initial term of a lease runs from 12 to 60 months.
What Factors Are Used To Determine Credit Worthiness?
Type of business, length of time in business, financial condition, references from financial institutions, and D. & B. (Dun & Bradstreet) or other credit bureau ratings.
Can the Lease Be Canceled?
No, but equipment can be traded-in for new, leased equipment before the expiration of the initial term. OCF also offers a special rate for those requiring a "buy out" option during the term of the lease.
What types of equipment are eligible for leasing?
Please select from the following the Equipment Type that best describes the area of equipment you would be interested in leasing:
- Computer Hardware/Software
- Communications & Audio/Video
- Titled Vehicles (For municipalities only)