Quality NDE offers lease/purchase options; helping you acquire the equipment you need to get the job done.
We provide lease/purchase solutions for virtually all NDT equipment from $5,000 and up.
We are frequently asked about the difference between a loan and a lease.
A loan refers to borrowing money at a fixed interest rate over a period of time, up to five years. As means of financing, loans generally involve a lot of legal paperwork, which can take a considerable amount of time. This option is generally dealt with your bank.
Lease financing is more flexible, has a lower interest rate (as low as 6%*) and can be completed in a few days. Since a lease is 100% deductible; a majority of companies prefer leasing rather than purchasing equipment. This option may be directly dealt with Quality NDE.
When applying for a lease, you may choose between several “end of lease” options:
- Buy the equipment for $1.00;
- Purchase the equipment at its fair market value;
- Continue to rent the equipment month to month or for an additional specific period of time;
- Return the equipment to the lessor.
Contact us to inquire about financing options from Quality NDE. We will send you an application form to complete, and once approved it will allow you to keep growing your business!
*Factors which affect lease payment include: years in business, type of equipment, amount of transaction, length of term and overall credit strength.