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What can I use this equipment lease program for? (Back to top)
Do you need new booths for your restaurant’s expansion or a new water truck for the big contract you just signed? You can use commercial equipment leasing for any new or used equipment, work trucks, and/or software that makes sense for your business to grow. As long as it is not going to be resold and it is not disposable and/or consumable, it may qualify for an equipment lease. Check out our equipment lease industry page for more details.
What is the turn around time to receive the monies for purchasing the equipment? (Back to top)
We know that in any business time is money. That is why our expert funding team works quickly and efficiently to find you the best deal. It usually takes three to five business days from the time we have the signed lease documents in our office to have the equipment financing available.
Can I work with multiple vendors and still group them into one equipment lease? (Back to top)
Absolutely. We want to be sure you get the best equipment at the best deal and that often means working with multiple vendors. We can work with as many equipment vendors as you need to get the equipment that you want.
Are Five Point Capital rates competitive with my local bank? (Back to top)
Equipment leasing and financing offers less red tape than with bank financing. You can complete the process quicker which means your equipment can start to work faster. Five Point Capital offers you a lease manager who will coordinate the details to help make sure your deal is completed in the timeframe needed.
What is your current rate? (Back to top)
Rates are based on a number of variables including equipment type and the credit rating of the individual business customer. The best way to find out what rates are going to be for a desired piece of equipment is to contact a Five Point Capital account Lease Manager and submit a quote for the equipment you wish to lease.
What kind of equipment lease terms do you offer? (Back to top)
We can structure your commercial leasing terms to best fit your business needs. We provide two, three, four, and five year lease terms on most transactions as well as many different types of equipment lease programs from $5,000 to $100,000. Whether you are interested in business equipment lease and financing, automotive equipment financing or heavy equipment financing, Five Point Capital has commercial equipment leasing programs that will work best for your company’s cash flow needs.
Can I buy equipment from a private party? (Back to top)
Five Point Capital understands that your best equipment option doesn’t always come from a dealer. We will process an equipment lease for titled vehicles from a private party.
Why did I receive a Five Point Capital equipment lease card? (Back to top)
Five Point Capital chooses to work with only the best small businesses out there. You were selected by Five Point Capital after we reviewed your business credit rating provided to us by Dunn & Bradstreet.
What do you mean by activate my card? (Back to top)
Your lease card is not a credit card, it's an account card that is an easy to store reminder of your account number. To activate your account simply click here and provide the information required. Please note our website is 100% secure and all information is encrypted (See privacy policy) If you would like to speak with one of our representatives you can call the number on the card, 800-839-6176, and a representative will be happy to active your account. Having your account activated will save you time when you need to quickly finalize an equipment lease.
Is there a pre-payment penalty? (Back to top)
No, there is no pre-payment penalty on any of our equipment leases. You can pay off your equipment lease at any time without penalties.
Please see our Equipment Leasing 101 guide to read about equipment lease payoffs.
I don't buy equipment very often, why would I want to use equipment leasing and financing? (Back to top)
Keeping your Five Point Capital equipment lease account up-to-date and ready gives you options when an emergency arises and you may need to buy or replace equipment for your business. This account enables you to act quickly. It will also provide additional peace of mind. Never worry about maxing out those high-interest credit cards or using your capital reserved for payroll.
Are there tax benefits to equipment leasing? (Back to top)
The tax benefits of equipment leasing can be extremely important to a business’ cash flow. Depending on the type of lease you choose, you may create tax advantages for your company. Five Point Capital offers, free of charge, a Lease Manager who will coordinate the details with your equipment vendor to make sure your lease financing is completed in the timeframe needed. As always, check with your tax professional on the applicable tax savings.
Will this affect my personal credit? (Back to top)
This is one way your equipment lease will differ from a bank loan. Your equipment lease will not show as a trade line on your personal credit report as would the principal balance of a bank loan.
What can I include in my equipment lease? (Back to top)
With most Five Point Capital equipment leases, you can include ‘soft costs’ such as delivery, training and installation in your total loan amount.
What do you mean by the Lowest Payment Guarantee? (Back to top)
The Five Point Capital Lowest Payment Guarantee is our way of insuring you have the lowest payment on your equipment. If you find the same equipment lease with a lower payment, we’ll offer you a lease with a lower payment or we’ll send you $500– guaranteed! Certain restrictions apply.
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