Step Lease Step leases allow lease payments to either increase (Step-Up) or decrease (Step-Down) over the term of the lease to better meet unique cash flow needs. Step-Up This plan allows for lower monthly payments at the onset of the lease while the equipment begins to generate revenue. This structure is ideal for growing or new businesses. Step-Down Here, the customer makes larger monthly payments at the beginning of the lease vs. the end. This is a good program for businesses that want to minimize charges. Skipped or Seasonal Payment Lease This type of lease agreement requires the lessee to make payments only during certain months or periods each year, to meet seasonal needs or other cash flow constraints. Deferred Payment Lease Deferred Payment Lease is a lease schedule that contains 30, 60 or 90-day deferment of the first monthly payment. |