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Our Programs

The following are the leases provided by Overland Equipment Leasing:

True or Operating Lease

A True or Operating lease is for rapidly depreciating equipment or equipment that becomes obsolete within a short period of time. This lease has lower payments and tends to be the most tax-friendly. A True or Operating lease offers three choices when the lease expires:

  1. Return the equipment to the leasing company,
  2. Purchase the equipment at its fair market value or option amount, or
  3. Extend your lease term.

Finance Lease or Capital Lease

If the business is planning to own the equipment at the end of the lease, a Finance or Capital lease will work. At the end of the lease, the business can own the equipment for a minimal amount such as a fixed percentage of the original cost or $1.00.

Skip Lease

A Skip lease is ideal for organizations in need of a flexible repayment schedule. As the lessee, you specify the months when no payments are due and have the ability to adjust the terms based on cash flow.

Sale-Leaseback

A Sale-leaseback allows you, as the business person, to invest back into your business. Generally, a sale-leaseback lease works for businesses that have purchased equipment but would prefer to lease it. The business sells the equipment to the lease company and in turn, leases the equipment from the lease company.

*Overland Equipment Leasing requires the equipment to be purchased within 90 days from the sale.

60 or 90-Day Deferred Lease

Businesses in need of equipment for operations or development that will not generate immediate revenue can benefit from a 60 or 90-day deferred lease. A 60 or 90-day deferred lease can be structured as a Finance or True lease. Usually, there isn't an advanced payment, and the first payment is not due until 60 or 90 days after the lease begins. The equipment needed can be acquired with little to no money up front, and no payments for two to three months.

Master Lease

Businesses needing to acquire additional equipment would benefit from a Master lease because, with a master lease, its more convenient for businesses to lease equipment. A Master lease governs the basic terms and conditions of the lease, but has separate lease schedules, which may contain different term options and lease lengths, all of which would fall under the Master lease.

Municipal Lease

A Municipal lease aids local and state government organizations looking to acquire equipment. Tax structures and details of the lease vary from a standard business lease, because of this, contact your financial advisor to learn more about Municipal lease options.

Step-Up Lease

A Step-up lease aids businesses leasing equipment that will become more valuable over time. The lease is scheduled to have incremental increases in payment over the life of the lease to compensate for the increase in value. In some instances, payments can be deferred to match cash flow.