Equipment Leasing - The Basics

Whether you're starting your own business or looking for an affordable way to upgrade your current machinery, equipment leasing is a great option for growth. This article will describe the differences of lease transaction sizes.

There are three standard types or categories of equipment leasing:
Small Ticket, Medium Ticket and Large Ticket

These three classifications are based on the dollar amount or cost of the equipment being leased. Typically, small ticket leases will fall in the range of 75,000 to 100,000 or less. At eLease International, equipment lease transactions of this size can typically be completed with an application only and approvals are very rapid.

Medium ticket leases cover equipment with initial purchase costs between the 1mm and 2mm dollar range. Large Ticket equipment leases include equipment costs of $2 million and up. Due to the size of the transactions, medium and large ticket equipment leases will typically require more documentation such as financial packages.

To ease the documentation gathering process, we have developed an equipment lease checklist which can be found by reviewing our Lease Documentation Checklists.