Leasing Options
eRestaurant Furniture/eRestaurant Equipment offers leasing options available through a third party leasing agent, Marlin Leasing. Please contact our sales team for more information at sales@e-restaurantfurniture.com.
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The following information is provided be Marlin Leasing Corporation® Copyright 2007-2008:
We understand the challenges that business owners face to remain competitive in today’s environment. With this need in mind, we want you to not only think of Marlin as your leasing partner, but a resource for all of your business financial needs. With Marlin, you gain access to the financial products and services that you need to help better manage your business.
Leasing Solutions - Your decision to lease equipment should not be taken lightly. We provide you with all the necessary resources to get the equipment you need when you need it. Our acclaimed
Single Point of Contact Service offers you a dedicated leasing professional who assists you every step of the way throughout the leasing process.
Capital Loans - Looking for additional capital to manage your growing business? Marlin makes it easy to gain access to the funds you need for virtually any business use including debt consolidation, purchase of inventory, working capital and more!
LEASE vs. CASH PURCHASE vs. BANK LOAN| LOGIC OF LEASING Can I? | LEASE FINANCING |
CASH PURCHASE |
BANK LOAN |
|---|---|---|---|
| Acquire equipment without substantantial cash outlay? | YES |
NO |
No. Most banks require down payment. |
| Upgrade or add equipment without difficulty? | YES |
NO |
No. Most banks require re-application for another loan. |
| Match payments to my current cash flow? | YES |
NO |
NO |
| Avoid affecting my bank lines of credit? | YES |
N/A |
No. In fact, you will be affecting it a great deal. |
| Get approval for financing in one day? | YES |
N/A |
NO. It could take days or even weeks. |
| Deduct all or most of the monthly payments from my taxable income? | YES |
N/A |
NO |
Frequently Asked Questions on Leasing
Q: What is the interest rate in this lease?
A: Since you are leasing and not taking out a bank loan to finance your purchase, there is no “interest rate” as we usually think of one. It’s more like leasing office space. You’re paying to rent the equipment, with the monthly payment amount based on the type of leasing plan you choose, the terms of the lease and the cost of the equipment.
Q: What should I do if I have problems with the equipment that I leased?
A: The vendor providing the equipment is solely responsible for any service or warranty issues. Marlin’s role is to assist you in financing the equipment, the same way a bank would finance a car.
Q: When is my first payment due and what is Interim Rent?
A: After Marlin confirms that the equipment has been delivered and we’ve received all of the required documents, your equipment supplier is paid. We then set up the lease contract on our billing system and an invoice is sent to you for the first payment due. This payment covers the following full 30-day period. Included on the first invoice is a charge for interim rent which covers the period between when we pay your vendor and when the first lease payment is due.
Q: What is the Documentation Fee?
A: Marlin does not charge an application fee. We do, however, charge a one-time documentation fee to compensate us for processing the lease documents and reimburse us for any fees incurred with filing UCC-1 financing statements.
Q: Why am I required to insure my leased equipment?
A: Since the leased equipment is owned by Marlin Leasing, Marlin must ensure that if the equipment is destroyed or stolen, the lease will be paid off from the proceeds of the insurance policy. Most commercial policies cover leased equipment; all you need to do is have your insurance agent forward us evidence of property insurance showing Marlin as a Loss Payee. This is usually done at no cost to you. If you do not give us proof of property insurance, then depending on the original equipment cost we may obtain property insurance to cover our interests and charge you a fee for such coverage. Upon our receipt of evidence of acceptable property coverage maintained by you, we will no longer bill you under our insurance program.
Q: What are the tax benefits associated with leasing?
A: As the lessee, you may be able to deduct the monthly lease payment as a business expense on your tax returns. You should seek specific advice from your accountant.
From Marlin's perspective as the lessor, unless you chose a $1.00 buyout option, Marlin is entitled to any tax benefits associated with ownership
For more information, visit www.marlinleasing.com or please call 1.800.426.3194 ext. 3237
Getting Started
You found the equipment you need, now choose the plan that meets your business's needs and submit your credit application. Click on the links below to get started:
Pick your leasing plan
Complete a credit application
