Leasing Options

Leasing is the most flexible financing option available, and Northland Capital structures specific leases to meet each unique set of needs. Our lease plans are available on new or used equipment and include:

• TRAC – (Terminal Rental Adjustment Clause) A lessee guaranteed residual value for vehicle leases.

• Capital or Finance - May also be referred to as a nominal or ($101) buyout lease. These leases have a guaranteed option to purchase the equipment for a nominal price at the conclusion of the lease.

• True or Operating - Also known as fair market value leases. The lessee either returns the equipment at the conclusion of the lease or may be granted the opportunity to purchase the equipment from the lessor for "the fair market value."

• Municipal - Lease financing to federal, state and local governments, authorities, agencies, school districts and non-profit corporations for the acquisition of equipment.

• Deferred Payment - A deferred payment lease is a lease that contains a 30, 60 or 90-day deferment of the first monthly payment.

• Seasonal or Skip Payment – A lease that contains a payment stream requiring the lessee to make payments only during peak periods of the year.

• Master Lease – Get up front financing approval and draw off those funds over time.