Lowest Payment Equipment Financing Guarantee Rules
Pursuant to the terms and conditions specified in these Rules, Five Point Capital guarantees to provide the lowest payment on equipment leased through Five Point Capital, for lease terms from 24 to 60 months, or to pay $500 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by Five Point Capital within seven days that the Five Point Capital terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date Five Point Capital issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.
In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by Five Point Capital for the same equipment and pursuant to the same terms, Five Point Capital will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. Five Point Capital has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $500 to the lessee. The lessee must provide Five Point Capital with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.
The Lowest Payment Guarantee is available to both new and established customers of Five Point Capital. This offer is valid for new lease applications only. The Lowest Payment Guarantee policy is not retroactive—a previously funded equipment lease with Five Point Capital is not eligible for the Lowest Payment Guarantee. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.
The Lowest Payment Guarantee may be discontinued at anytime without notice.
To participate in the Lowest Payment Guarantee if you have a lease agreement and vendor quote which you believe will qualify for the program; contact your Five Point Capital Lease Manager.