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FAQ

Q. What types of equipment does NFS lease?
Q. How does NFS evaluate credit lines?
Q. What are the available lease terms?
Q. Can the equipment be purchased before the end of the original lease term?
Q. Can I add to a lease?
Q. How much money will have to be paid up front?
Q. When is the lease considered to have begun?
Q. When are monthly payments due?
Q. Will I receive executed copies of the lease agreements?
Q. Can I cancel my lease?
Q. How is sales tax handled?
Q. Will I be charged late fees?
Q. Who is responsible for maintenance of the equipment?
Q. Who is responsible for insuring the equipment?

Q. What types of equipment does NFS lease? 
A. We will consider all types of equipment; however we specialize in creative programs for enterprise computer products such as Dell, EMC, Sun Microsystems, Cisco, and Hewlett-Packard. [top]

Q. How does NFS evaluate credit lines?
A. NFS uses a variety of elements for credit decisions, these include, but are not limited to: face to face meetings with principals to understand your business, financial statements, credit rating services and bank and trade references. [top]

Q. What are the available lease terms? 
A. NFS offers 18, 24, 30, 36, and 48 month lease terms. [top]

Q. Can the equipment be purchased before the end of the original lease term?
A. Yes, the equipment can be purchased at anytime during the lease term. Contact us for a buyout quote. [top]

Q. Can I add to a lease? 
A. Yes, NFS provides flexible upgrades and add-ons to existing leases. [top]

Q. How much money will have to be paid up front?
A. Leases usually require a first month and security deposit payment. The security deposit can be applied to the purchase of the equipment at the end of the lease, or it can be returned to you upon equipment return. [top]

Q. When is the lease considered to have begun? 
A. There are a number of requirements for the lease to be considered to have begun: Equipment has been delivered and installed if contracted. All proper documentation has been received by NFS leasing. Certificate of acceptance has been executed. Invoice from supplier has been received by NFS. [top]

Q. When are monthly payments due?
A. Typically all monthly payments are due on the 1st of the month. You can also choose quarterly, semi-annual or annual payments.[top]

Q. Will I receive executed copies of the lease agreements?
A. Yes, upon receipt of fully executed documents, NFS will send you a copy of fully executed documents. [top]

Q. Can I cancel my lease?
A. No, leases are non cancelable, but you can arrange to buy out the equipment.[top]

Q. How is sales tax handled?
A. Sales tax is added to your monthly lease payment where applicable. [top]

Q. Will I be charged late fees?
A. If a payment is received after the grace period agreed upon, you will be billed late fees. [top]

Q. Who is responsible for maintenance of the equipment? 
A. As stipulated in the lease agreement, you are required to keep all equipment under a contract manufacturers maintenance agreement. Most equipment comes with this type of warranty included with the purchase. However, it is your responsibility to ensure that it does. [top]

Q. Who is responsible for insuring the equipment? 
A. As stipulated in the lease agreement, you are responsible to maintain insurance for loss, damage and destruction of the equipment. A copy of the certificate of insurance listing NFS as additional insured and loss payee is required per the lease. [top]

 

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