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FREQUENTLY ASKED QUESTIONS

How many months should equipment be leased?

Are there any upfront costs or application fees at BDM Finance ?

Is leasing equipment similar to leasing a vehicle?

What happens to the equipment at the end of the lease ?

Do I have to select the equipment from a particular dealer?

Any further questions?

 

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How many months should equipment be leased?

When leasing equipment is subject to quick obsolescence such as a computers , it's generally advisable to lease for the shortest possible time as long as the monthly payments still fit comfortably within your budget. Although Office furniture could be leased for longer periods, with lower monthly payments.   It truly depends upon the type of equipment.

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Are there any upfront costs or application fees at BDM Finance ?

Just the nominal documentation fee;  no traditional down payments required. Advance monthly payments may be required depending upon the amount of the lease. Of course, each individual lease varies.

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Is leasing equipment similar to leasing a vehicle?

Yes it is;  you pay for the equipment as you use it. As your equipment wears out or becomes obsolete usually you retain the flexibility to upgrade to more current technology.

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What happens to the equipment at the end of the lease?

Many of our leasing programs can be structured to give you the option of purchasing it for a small amount, for an agreed upon percentage of the original cost, or at fair market value or returning the equipment.

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Do I have to select the equipment from a particular Dealer?

No. All BDM FINANCIAL programs allow you to select your equipment from virtually any qualified dealer.

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Any Questions?

For more answers, call us at (949) 488-0841 or email us or use our Contact Us page for further options.

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